Like Father, Like Son: Labor Market Networks and Social Mobility

Antoni Calvó-Armengol (1970-2007) and Matthew Jackson
Authors registered in the RePEc Author Service: Antoni Calvó-Armengol

No 179, Working Papers from Barcelona School of Economics

Abstract: We build a model where investments in human capital depend on the state of an individual's social network. We show that correlation patterns between parents' and children's human capital investment and income depend on the structure of their social network. Heavier reliance on the social network increases the correlation of human capital investments and income across generations and decreases the efficiency of their investment decisions.

Keywords: human capital; networks; labor markets; Social Mobility (search for similar items in EconPapers)
JEL-codes: A14 J31 J64 J70 (search for similar items in EconPapers)
Date: 2015-09
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Persistent link: https://EconPapers.repec.org/RePEc:bge:wpaper:179

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