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| Cortes, Darwin; Friebel, Guido; Maldonado, Dario. |
| We model the decisions of young individuals to stay in school or drop-out and engage in criminal activities. We build on the literature on human capital and crime engagement and use the framework of Banerjee (1993) that assumes that the information needed to engage in crime arrives in the form of a rumor and that individuals update their beliefs about the profitability of crime relative to education. These assumptions allow us to study the effect of social interactions on crime. We first show that a society with fully rational students is less vulnerable to crime than an otherwise identical society with boundedly rational students. We also investigate the spillovers from the actions of talented students to less talented students and show that policies that... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Human Capital; The Economics of Rumors; Social Interactions; Urban Economics; Labor and Human Capital; D82; D83; I28. |
| Ano: 2010 |
URL: http://purl.umn.edu/96845 |
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| Antoni, Giacomo Degli. |
| Over the last few years, many studies have shown that social networks affect the socioeconomic development. This paper presents evidence, through the Italian microdata representative of the entire Italian population, that the quality and quantity of interpersonal relations of agents can increase their economic welfare. Two proxies of interpersonal relations at an individual level are considered: a proxy for the density and one for the quality of network structure of personal contacts. Both seem to have a positive effect on the level of household economic welfare of agents. This result proves robust to the inclusion of a variety of control variables and to the use of different econometric methods. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Networks; Social Interactions; Household Economic Welfare; Microdata; Fuzzy Logic; Labor and Human Capital; D10; Z13. |
| Ano: 2007 |
URL: http://purl.umn.edu/9330 |
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