Multinomial Choice with Social Interactions: Occupations in Victorian London

• 成果类型: Article
• 署名作者: Guerra, Jose-Alberto; Mohnen, Myra
• 署名单位: Universidad de los Andes (Colombia); University of Essex; University of Ottawa; University of London; London School Economics & Political Science
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/rest_a_00979
• 发表日期: 2022-07
• 页码: 736-747
• 关键词: discrete-choice; Sequential Estimation; econometric-models; identification; networks

摘要

We study the importance of social interactions on occupational choice in Victorian London using a multinomial choice model within an incomplete social network. Individuals form heterogeneous rational expectations about their peers' behaviors, taking into account their characteristics and the strength of their ties. We show the conditions under which the endogenous, exogenous, and correlated effects can be identified and a unique equilibrium can be established, Using a novel data set, we proxy social groups by parish boundaries and strength of ties by geographic distances, Our results show the importance of the endogenous effects and reveal distinct effects by occupation.