Your friends, your credit: Social capital measures derived from social media and the credit market

Jesse Bricker and Geng Li

Economics Letters, 2024, vol. 242, issue C

Abstract: We document a robust correlation between the Bricker and Li (2017) social trust indicator and the Chetty et al. (2022a) economic connectedness measure. The two indicators predict upward income mobility independently to a comparable extent. The Bricker–Li indicator is defined as the average credit score of a community, and the Chetty et al. measures are based on Facebook befriending data. The consistency and complementarity between these two indicators underscore trust as a crucial ingredient of social capital.

Keywords: Social trust; Social capital; Economic mobility; Credit score; Friendship (search for similar items in EconPapers)
JEL-codes: D14 G10 G41 G50 (search for similar items in EconPapers)
Date: 2024
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Working Paper: Your Friends, Your Credit: Social Capital Measures Derived from Social Media and the Credit Market (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:242:y:2024:i:c:s0165176524003653

DOI: 10.1016/j.econlet.2024.111881

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