Three Essays On The Theory And Econometrics Of Social Interactions In The Labor Market
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Three Essays On The Theory And Econometrics Of Social Interactions In The Labor Market
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Author : Andrzej Grodner
language : en
Publisher:
Release Date : 2004
Three Essays On The Theory And Econometrics Of Social Interactions In The Labor Market written by Andrzej Grodner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Social Interactions In The Labor Market
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Author : Andrew Grodner
language : en
Publisher: Now Publishers Inc
Release Date : 2011
Social Interactions In The Labor Market written by Andrew Grodner and has been published by Now Publishers Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
Social Interactions in the Labor Market addresses the following questions: How do theoretical economic models and their associated econometric representations change when there are social interactions among households? How do policy implications change as the result of estimated households' social interactions? The authors present a unified theoretical and empirical representation of social interactions as they pertain to labor supply and demand and demonstrate the cases where current policy prescriptions are greatly altered by the presence of social interactions. Section 2 examines theoretically the effect of household interdependencies on how a researcher estimates and interprets labor supply and earnings equations. Having examined labor supply issues, Section 3 and give theoretical attention to labor demand. As a further demonstration how the presence of social interactions complicates thinking about economic policy the authors consider overall labor market outcomes and related economic policy further in Section 4 by examining theoretically the socially optimal wealth distribution. Section 5 measures local economic conditions by the county unemployment rate and neighborhood spillover effects by the racial makeup and poverty rate of the county. Lastly, Section 6 examines the econometric details of implementing an empirical model with possible social interactions in labor supply.
Three Essays On Individual Decisions And Interactions On The Labor Market And Aggregated Inequality
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Author : Simon Gemkow
language : en
Publisher:
Release Date : 2011
Three Essays On Individual Decisions And Interactions On The Labor Market And Aggregated Inequality written by Simon Gemkow and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Essays On Social Interactions Competition And Markets
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Author : Qi Wu
language : en
Publisher:
Release Date : 2021
Essays On Social Interactions Competition And Markets written by Qi Wu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
This dissertation consists of three essays in the areas of Industrial Organizationand Applied Microeconomics, examining the role of social interactions on market outcomes and the welfare consequences. The first essay studies the role of social influence on consumer demand and firm competition through pricing strategies. Social influence is an important driver of consumption behavior, but its effect on firm competition and pricing is understudied. This paper investigates whether and how social influence affects product choices and firm competition, drawing on a novel dataset that consists of large-scale de-identified mobile call records from a city in China. I first identify social influence using a new identification strategy that exploits the partially overlapping network of friends and residential neighbors and the intertemporal variation in friend circles. I find that the purchasing probability for a phone model doubles with 10 percent more friends using the same model. Consumers are more likely to conform to wealthier friends and choose visually distinct features, suggesting that status-seeking motivation may be an important driver of social influence. I then evaluate how social influence affects firm competition by building and estimating a structural model that incorporates social influence in consumer demand. I find that social influence favors high-quality products while reducing low-quality products' market share. In addition, a small price drop of a product would lead to larger gains through quantity expansion by peers. Social influence, on average, reduces initial prices by 0.7 percent and increases subsequent prices by 0.1 percent. It also increases the total profits of new products by 3.4 percent and increases consumer surplus by about 1.7 percent. In the second essay, my co-authors and I examine the role of social referrals and information exchange in urban labor markets. We use the universe of deidentified and geocoded cellphone records for over a million individuals from a major Chinese telecommunication provider. We find that information flows, as measured by call volume, correlates strongly with worker flows, a pattern that persists at different levels of geographic aggregation. Conditional on information flow, socioeconomic diversity of the social contacts, especially that associated with the working population, helps to predict the worker flows. We supplement the phone records with administrative data on firm attributes and auxiliary data on job postings and residential housing prices. Referred jobs are associated with higher monetary gains, a higher likelihood to transition from part-time to full-time, reduced commuting time, and a higher probability of entering desirable jobs. The third essay studies the effects of parental retirement on adult children's labor supply through intergenerational time and monetary transfer. My coauthor and I exploit the mandatory retirement age in China as the cut-off point and apply a regression discontinuity (RD) approach to four waves of the China Family Panel Studies (CFPS) Dataset. Our findings suggest that parental retirement reduces adult children's annual hours of labor supply by 3 to 4 percent. This reduction is especially pronounced for female children. We find that the reduction can be explained by parents' increasing demand for time and care from children due to the significant drop in parents' self-rated health upon retirement. Although both male and female children increased their monetary and time transfers to parents, we find that parents tend to make more transfers to sons compared to daughters. Daughters are also more likely to make transfers to parents after they retire, both in terms of money and in terms of time.
From Neighborhoods To Nations
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Author : Yannis Ioannides
language : en
Publisher: Princeton University Press
Release Date : 2013
From Neighborhoods To Nations written by Yannis Ioannides and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
Just as we learn from, influence, and are influenced by others, our social interactions drive economic growth in cities, regions, and nations--determining where households live, how children learn, and what cities and firms produce. From Neighborhoods to Nations synthesizes the recent economics of social interactions for anyone seeking to understand the contributions of this important area. Integrating theory and empirics, Yannis Ioannides explores theoretical and empirical tools that economists use to investigate social interactions, and he shows how a familiarity with these tools is essential for interpreting findings. The book makes work in the economics of social interactions accessible to other social scientists, including sociologists, political scientists, and urban planning and policy researchers. Focusing on individual and household location decisions in the presence of interactions, Ioannides shows how research on cities and neighborhoods can explain communities' composition and spatial form, as well as changes in productivity, industrial specialization, urban expansion, and national growth. The author examines how researchers address the challenge of separating personal, social, and cultural forces from economic ones. Ioannides provides a toolkit for the next generation of inquiry, and he argues that quantifying the impact of social interactions in specific contexts is essential for grasping their scope and use in informing policy. Revealing how empirical work on social interactions enriches our understanding of cities as engines of innovation and economic growth, From Neighborhoods to Nations carries ramifications throughout the social sciences and beyond.
Essays On The Econometrics Of Social Interactions
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Author : Bryan Shiloh Graham
language : en
Publisher:
Release Date : 2005
Essays On The Econometrics Of Social Interactions written by Bryan Shiloh Graham and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Econometrics categories.
Dissertation Abstracts International
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Author :
language : en
Publisher:
Release Date : 2009
Dissertation Abstracts International written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Dissertations, Academic categories.
Three Essays At The Intersection Of Social Theory And Political Economy
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Author : Jacob Andrew Powell
language : en
Publisher:
Release Date : 2022
Three Essays At The Intersection Of Social Theory And Political Economy written by Jacob Andrew Powell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with Economics categories.
This study revisits classic questions of political economy through an interdisciplinary lens, wedding the insights of modern social theory with heterodox political economy. The first chapter synthesizes the economic and sociological literature on wage determination, developing a conceptual apparatus, which is better situated than previous approaches, to understand the factors animating stagnating wages in the United States since the emergence of Neoliberalism. The second chapter applies reflexivity, a method in the sociology of science, to the Phillips curve. In doing so, the implicit biases within both theoretical and empirical approaches to the Phillips curve are elucidated, recognizing the limitations of traditional labor underutilization measures. Alternative labor underutilization measures are constructed using labor market transition rates, which are then used to estimate alternative econometric specifications of the Phillips curve. The results of these estimations are consistent with a flattening of the Phillips curve, expected as a result of declining institutional bargaining power of workers. The chapter finishes highlighting the limitations of the models estimated, commentating on how the literature should approach the Phillips curve going forward. The final chapter, uses path-dependency as a conceptual entry point to problematize the instrumental-ceremonial dichotomy, arguing that ceremonial institutions (culture) must be comprehensively considered in theorizing progressive institutional change, moving beyond an understanding of them as purely “imbecile”. A theory of political mobilization for progressive institutional change is laid out, one which systematically accounts for ceremonial institutions. By using rhetoric as a tool, we can play into ceremonial habits of thought, weaving progressive policy through the ceremonial net to implementation, where its instrumentality can be revealed, and a lock-in can form as constituents become accustomed to the material benefits provided. It is here where a progressive path-dependency is formed.
Social Interaction In The Labor Market
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Author : Martin Kahanec
language : en
Publisher:
Release Date : 2006
Social Interaction In The Labor Market written by Martin Kahanec and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Leveling Peaks And Troughs
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Author : William Louis Wascher
language : en
Publisher:
Release Date : 1983
Leveling Peaks And Troughs written by William Louis Wascher and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with categories.