embedded in a network of altruistic relationships. Incomes are subject to both a common shock and a large idiosyncratic shock …

causal identification of peer effects depends on the structure of the network itself. In the absence of correlated effects …, the reflection problem is generally solved by network interactions even in non-linear, heterogeneous models. By contrast … correlated effects and network endogeneity in particular. We classify these approaches in four broad categories: random peers …

causal identification of peer effects depends on the structure of the network itself. In the absence of correlated effects …, the reflection problem is generally solved by network interactions even in nonlinear, heterogeneous models. By contrast … correlated effects and network endogeneity in particular. We classify these approaches in four broad categories: random peers …