Social Interactions, Mechanisms, and Equilibrium: Evidence from a Model of Study Time and Academic Achievement

Conley, Timothy; Mehta, Nirav; Stinebrickner, Ralph; Stinebrickner, Todd

Social Interactions, Mechanisms, and Equilibrium: Evidence from a Model of Study Time and Academic Achievement

Timothy Conley, Nirav Mehta, Ralph Stinebrickner and Todd Stinebrickner

No 6896, CESifo Working Paper Series from CESifo

Abstract: We develop and estimate a model of student study time choices on a social network. The model is designed to exploit unique data collected in the Berea Panel Study. Study time data allow us to quantify an intuitive mechanism for academic social interactions: own study time may depend on friend study time in a heterogeneous manner. Social network data allow us to embed study time and resulting academic achievement in an estimable equilibrium framework. We develop a specification test that exploits the equilibrium nature of social interactions and use it to show that novel study propensity measures mitigate econometric endogeneity concerns.

Keywords: social networks; peer effects; homophily; time-use (search for similar items in EconPapers)
JEL-codes: C52 C54 I20 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-gth, nep-hme, nep-ict, nep-net, nep-soc and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_6896

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