Multinominal choice with social interactions: occupations in Victorian London

Serie

• LSE Research Online Documents on Economics

Resumen

• We study the importance of social interactions on occupational choice in Victorian London using a multinomial choice model within an incomplete social network. Individuals form heterogeneous rational expectations about their peers’ behaviors, taking into account their characteristics and the strength of their ties. We show the conditions under which the endogenous, exogenous, and correlated effects can be identified and a unique equilibrium can be established, Using a novel data set, we proxy social groups by parish boundaries and strength of ties by geographic distances, Our results show the importance of the endogenous effects and reveal distinct effects by occupation.

autores

• Guerra, José Alberto
• Mohnen, Myra

fecha de publicación

• 2022

Área temática

• C25 - Modelos de regresión discreta y elección cuantitativa; Regresores discretos; Proporciones; Probabilidad
• C31 - Modelos de sección cruzada; Modelos espaciales; Modelos de efecto de tratamiento; Regresiones cuantiles; Modelos de interacción social
• J24 - Capital humano; Cualificación; Elección de ocupación; Productividad del trabajo
• N93 - Historia regional y urbana: Europa (hasta 1913)

Enfoque geográfico

• Europe  Continent
• Inglaterra  Country

Issue

• 115715