Like Father, Like Son: Social Network Externalities and Parent-Child Correlation in Behavior

• 成果类型: Article
• 署名作者: Calvo-Armengol, Antoni; Jackson, Matthew O.
• 署名单位: Stanford University
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MICROECONOMICS
• ISSN/ISSBN: 1945-7669
• DOI: 10.1257/mic.1.1.124
• 发表日期: 2009
• 页码: 124-150
• 关键词: Intergenerational income mobility; transmission; EMPLOYMENT; earnings; FAMILY

摘要

We build an overlapping generations model where an individual sees higher returns to adopting a behavior as many neighbors adopt the behavior. We show that overlap in the state of a parent and child's neighborhood can lead to correlation in parent-child behavior independent of any parent-child interaction. Increasing the sensitivity of individual decisions to the state of their social community leads to increased parent-child correlation and less efficient (more costly) behavior on average in the society. We show this model is distinguished from a direct parental influence model, in that it predicts increased generational effects, implying residual correlation between children and grandparents after including parental information. (JEL J12, J13, Z13)