Can Social Information Affect What Job You Choose and Keep?
Clayton R. Featherstone and
Judd B. Kessler
American Economic Journal: Applied Economics, 2017, vol. 9, issue 1, 96-117
We show that the provision of social information influences a high-stakes decision and this influence persists over time. In a field experiment involving thousands of admits to Teach For America, those told about the previous year's matriculation rate are more likely to accept a teaching job, complete training, start, and return a second year. To show robustness, we develop a simple theory that identifies subgroups where we expect larger treatment effects and find our effect is larger in those subgroups. That social information can have a powerful, persistent effect on high-stakes behavior broadens its relevance for policy and theory.
JEL-codes: D83 I21 J22 J45 L31 Z13 (search for similar items in EconPapers)
Note: DOI: 10.1257/app.20140468
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