Showing 1 - 10 of 288
This study focuses on the role of heterogeneity in network peer effects by accounting for network-specific factors and different driving mechanisms of peer behavior. We propose a novel Multivariate Instrumental Variable (MVIV) estimator which is consistent for a large number of networks keeping...
Persistent link: https://www.econbiz.de/10014496412
This paper evaluates the effects of a high school curriculum reform on students ́probability to enroll at university … requirements. Based on administrative data covering all students, the empirical analysis is carried out by applying a difference …
Persistent link: https://www.econbiz.de/10010508574
study for a cohort of students in Germany. Using detailed survey data, and employing an instrumental variable strategy based … on variation in the local field of study availability, we provide evidence that students who are not enrolled in their … impact on dropout is particularly strong among students of low socio-economic status and is driven by lower academic …
Persistent link: https://www.econbiz.de/10013266282
Social media are becoming increasingly important in our society and change the way people communicate, how they acquire information, and how they form beliefs. Experts are concerned that the rise of social media may make interaction and information exchange among like-minded individuals more...
Persistent link: https://www.econbiz.de/10011762816
This paper investigates relative earnings of individuals leaving tertiary education without a degree across 18 European countries employing survey data on adult workers. We find that, on average, university dropouts earn 8% more than those never enrolling into tertiary education, but 25% less...
Persistent link: https://www.econbiz.de/10012389510
We study the role of professional networks in facilitating emigration of Jewish academics dismissed from their positions by the Nazi government. We use individual-level exogenous variation in the timing of dismissals to estimate causal effects. Academics with more ties to early émigrés...
Persistent link: https://www.econbiz.de/10014476804
We study the role of professional networks in facilitating emigration of Jewish academics dismissed from their positions by the Nazi government. We use individual-level exogenous variation in the timing of dismissals to estimate causal eects. Academics with more ties to early émigrés...
Persistent link: https://www.econbiz.de/10014481039
Persistent link: https://www.econbiz.de/10013190167
The pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unknown, and maximum entropy serves as the leading method for estimating unobserved counterparty exposures. This paper proposes an efficient alternative that combines...
Persistent link: https://www.econbiz.de/10010249740
When banks choose similar investment strategies, the financial system becomes vulnerable to common shocks. Banks decide about their investment strategy ex-ante based on a private belief about the state of the world and a social belief formed from observing the actions of peers. When the social...
Persistent link: https://www.econbiz.de/10010405430