Multinomial choice with social interactions : occupations in Victorian London
This paper presents a multinomial choice model with social interactions in an incomplete network. Individuals form heterogenous rational expectations about the behavior of peers by taking into account their characteristics and the strength of their ties. We show the network conditions under which th...
- Autores:
-
Guerra Forero, José Alberto
Mohnen, Myra
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2017
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/8737
- Acceso en línea:
- http://hdl.handle.net/1992/8737
- Palabra clave:
- Social interactions
Heterogeneous beliefs
Multinomial choice
Occupational choice
Mercado laboral - Investigaciones - Londres (Inglaterra) - Siglo XIX
Interacción social - Investigaciones - Londres (Inglaterra) - Siglo XIX
Correlación (Estadística) - Investigaciones
C25, C31, J24, N93
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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| dc.title.none.fl_str_mv |
Multinomial choice with social interactions : occupations in Victorian London |
| dc.title.alternative.none.fl_str_mv |
Eleccion multinomial con interacciones sociales : decisión ocupacional en el Londres Victoriano |
| title |
Multinomial choice with social interactions : occupations in Victorian London |
| spellingShingle |
Multinomial choice with social interactions : occupations in Victorian London Social interactions Heterogeneous beliefs Multinomial choice Occupational choice Mercado laboral - Investigaciones - Londres (Inglaterra) - Siglo XIX Interacción social - Investigaciones - Londres (Inglaterra) - Siglo XIX Correlación (Estadística) - Investigaciones C25, C31, J24, N93 |
| title_short |
Multinomial choice with social interactions : occupations in Victorian London |
| title_full |
Multinomial choice with social interactions : occupations in Victorian London |
| title_fullStr |
Multinomial choice with social interactions : occupations in Victorian London |
| title_full_unstemmed |
Multinomial choice with social interactions : occupations in Victorian London |
| title_sort |
Multinomial choice with social interactions : occupations in Victorian London |
| dc.creator.fl_str_mv |
Guerra Forero, José Alberto Mohnen, Myra |
| dc.contributor.author.none.fl_str_mv |
Guerra Forero, José Alberto Mohnen, Myra |
| dc.subject.keyword.none.fl_str_mv |
Social interactions Heterogeneous beliefs Multinomial choice Occupational choice |
| topic |
Social interactions Heterogeneous beliefs Multinomial choice Occupational choice Mercado laboral - Investigaciones - Londres (Inglaterra) - Siglo XIX Interacción social - Investigaciones - Londres (Inglaterra) - Siglo XIX Correlación (Estadística) - Investigaciones C25, C31, J24, N93 |
| dc.subject.armarc.none.fl_str_mv |
Mercado laboral - Investigaciones - Londres (Inglaterra) - Siglo XIX Interacción social - Investigaciones - Londres (Inglaterra) - Siglo XIX Correlación (Estadística) - Investigaciones |
| dc.subject.jel.none.fl_str_mv |
C25, C31, J24, N93 |
| description |
This paper presents a multinomial choice model with social interactions in an incomplete network. Individuals form heterogenous rational expectations about the behavior of peers by taking into account their characteristics and the strength of their ties. We show the network conditions under which the endogenous and exogenous effects can be separately identified even in the presence of correlated effects at the group level. Conditions for unique equilibrium are established. We apply our empirical model to occupational choice in nineteenth century London. Thanks to a newly constructed dataset, we use ecclesiastical parish boundaries as proxies for social groups and geographic distances between individuals as measures of the strength of their ties. Our results show that endogenous network effects were important above and beyond correlated and exogenous effects. We uncover distinct impact by occupation type: peers in professional and industrial occupations have a positive impact on the likelihood of following a similar occupation while commercial have a negative one. |
| publishDate |
2017 |
| dc.date.issued.none.fl_str_mv |
2017 |
| dc.date.accessioned.none.fl_str_mv |
2018-09-27T16:56:33Z |
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2018-09-27T16:56:33Z |
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Documento de trabajo |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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info:eu-repo/semantics/workingPaper |
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http://purl.org/coar/resource_type/c_8042 |
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Text |
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https://purl.org/redcol/resource_type/WP |
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http://purl.org/coar/resource_type/c_8042 |
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1657-5334 |
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http://hdl.handle.net/1992/8737 |
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1657-7191 |
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10.57784/1992/8737 |
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instname:Universidad de los Andes |
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reponame:Repositorio Institucional Séneca |
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repourl:https://repositorio.uniandes.edu.co/ |
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1657-5334 1657-7191 10.57784/1992/8737 instname:Universidad de los Andes reponame:Repositorio Institucional Séneca repourl:https://repositorio.uniandes.edu.co/ |
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http://hdl.handle.net/1992/8737 |
| dc.language.iso.none.fl_str_mv |
eng |
| language |
eng |
| dc.relation.ispartofseries.none.fl_str_mv |
Documentos CEDE No. 47 Julio de 2017 |
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https://ideas.repec.org/p/col/000089/015667.html |
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http://creativecommons.org/licenses/by-nc-nd/4.0/ |
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openAccess |
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28 páginas |
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application/pdf |
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Universidad de los Andes, Facultad de Economía, CEDE |
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Universidad de los Andes, Facultad de Economía, CEDE |
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Universidad de los Andes |
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Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Guerra Forero, José Alberto31133500Mohnen, Myrafd2f7ca0-6345-4b06-82dd-72848063fe445002018-09-27T16:56:33Z2018-09-27T16:56:33Z20171657-5334http://hdl.handle.net/1992/87371657-719110.57784/1992/8737instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/This paper presents a multinomial choice model with social interactions in an incomplete network. Individuals form heterogenous rational expectations about the behavior of peers by taking into account their characteristics and the strength of their ties. We show the network conditions under which the endogenous and exogenous effects can be separately identified even in the presence of correlated effects at the group level. Conditions for unique equilibrium are established. We apply our empirical model to occupational choice in nineteenth century London. Thanks to a newly constructed dataset, we use ecclesiastical parish boundaries as proxies for social groups and geographic distances between individuals as measures of the strength of their ties. Our results show that endogenous network effects were important above and beyond correlated and exogenous effects. We uncover distinct impact by occupation type: peers in professional and industrial occupations have a positive impact on the likelihood of following a similar occupation while commercial have a negative one.Este artículo presenta un modelo de elección multinomial con interacciones sociales en una red incompleta. Los individuos forman expectativas racionales heterogéneas sobre el comportamiento de sus pares teniendo en cuenta sus características y la fuerza de sus lazos. Se muestran las condiciones de la red bajo las cuales los efectos endógenos y exógenos pueden identificarse por separado incluso en presencia de efectos correlacionados a nivel de grupo. Se establecen las condiciones para un equilibrio único. Aplicamos nuestro modelo empírico a la elección ocupacional en el Londres del siglo XIX. Gracias a un conjunto de datos históricos, usamos las fronteras de las parroquias eclesiásticas como aproximación a los grupos sociales y la distancia geográfica entre individuos como medida de la fuerza de sus lazos. Nuestros resultados muestran que los efectos endógenos son importantes más allá de los efectos correlacionados a nivel de grupo. Encontramos que hay efectos distintos según el tipo de ocupación: el efecto endógeno de grupo par es positivo sobre la probabilidad de seguir una ocupación industrial o profesional mientras que es negativo para las ocupaciones comerciales.28 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 47 Julio de 2017https://ideas.repec.org/p/col/000089/015667.htmlMultinomial choice with social interactions : occupations in Victorian LondonEleccion multinomial con interacciones sociales : decisión ocupacional en el Londres VictorianoDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPSocial interactionsHeterogeneous beliefsMultinomial choiceOccupational choiceMercado laboral - Investigaciones - Londres (Inglaterra) - Siglo XIXInteracción social - Investigaciones - Londres (Inglaterra) - Siglo XIXCorrelación (Estadística) - InvestigacionesC25, C31, J24, N93Facultad de EconomíaPublicationTEXTdcede2017-47.pdf.txtdcede2017-47.pdf.txtExtracted texttext/plain85299https://repositorio.uniandes.edu.co/bitstreams/8b518009-60cc-44cf-bb9f-264354c32e10/downloadbf37b470f92b63fbe7b2d8e6fe01e304MD54THUMBNAILdcede2017-47.pdf.jpgdcede2017-47.pdf.jpgIM Thumbnailimage/jpeg11078https://repositorio.uniandes.edu.co/bitstreams/60fc1d65-36e8-4949-9a6a-7ecad71178eb/download5f6c6bcc94457439b408cdbe978df610MD55ORIGINALdcede2017-47.pdfdcede2017-47.pdfapplication/pdf2215954https://repositorio.uniandes.edu.co/bitstreams/3c1a4531-26f1-4503-81d6-4dfb56b7fcbb/downloadc42b005ff9f3abd939328d9db95bdd4dMD511992/8737oai:repositorio.uniandes.edu.co:1992/87372024-06-04 15:34:41.702http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co |