Occupational Choice with Endogenous Spillovers

Albornoz, Facundo; Cabrales, Antonio; Hauk, Esther

doi:10.1111/ecoj.12634

Cited by 14 publications

(5 citation statements)

References 70 publications

(68 reference statements)

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“…The experiment is carried over four years -following students through their full degree programs-in a large Spanish university. 1 Students in the control group, as per usual, receive only information on their own performance, while students in the treatment group are provided with their decile rank with respect to other students in their cohort. Relative performance feedback is provided to treated students for the first time at the end of the first semester of their second year of their program and is updated every six months until the end of the fourth (and final) year of the degree.…”

Section: Introductionmentioning

confidence: 99%

What You Don’t Know…Can’t Hurt You? A Natural Field Experiment on Relative Performance Feedback in Higher Education

et al. 2019

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This paper studies the effect of providing feedback to college students on their position in the grade distribution by using a natural field experiment. This information was updated every six months during a three-year period. We find that greater grades transparency decreases educational performance, as measured by the number of exams passed and GPA. However self-reported satisfaction, as measured by surveys conducted after feedback is provided but before students take their exams, increases. We provide a theoretical framework to understand these results, focusing on the role of prior beliefs, and using out-of-trial surveys to test the model. In the absence of treatment, a majority of students underestimate their position in the grade distribution, suggesting that the updated information is "good news" for many students. Moreover, the negative effect on performance is driven by those students who underestimate their position in the absence of feedback. Students who overestimate initially their position, if anything, respond positively. The performance effects are short lived -by the time students graduate, they have similar accumulated GPA and graduation rates.

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Section: Introductionmentioning

confidence: 99%

What You Don’t Know…Can’t Hurt You? A Natural Field Experiment on Relative Performance Feedback in Higher Education

et al. 2019

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“…As discussed above, the evidence presented in Table 4, together with the institutional features of the CTC (i.e., firms must apply for membership and, conditional on being accepted, must pay a per-period fixed membership fee), raises the concern that firms may have self-selected into the organization based on productivity or performance (e.g., as in a standard Melitz (2003)-type model). For instance, Albornoz, Cabrales, and Hauk (2019) write a model in which more productive firms invest more in socializing, networking, and acquiring information, which in turn increases their productivity. Section 4 presents qualitative evidence that large firms do in fact participate in the organization more than others.…”

Section: Resultsmentioning

confidence: 99%

Cluster Initiatives and Economic Resilience: Evidence from a Technology Cluster in Argentina

Astarloa¹,

Tacsir²

2022

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In this paper, we study the role of a cluster initiative in fostering economic resilience among firms in a local technology cluster in Argentina. We focus on two aggregate shocks that hit the Argentine economy, including first wave of the COVID-19 pandemic. Our analysis is based on interviews with authorities and members of the cluster initiative, local firms, and policy makers, as well as on firm-level administrative tax records. We find that the cluster organization provides members with resources that could foster resilience, including access to specialized human capital, information on business opportunities, and assistance in applying for government support programs. However, while members of the cluster organization appear to be more resilient than non-members, even within the same regional cluster, after conditioning on firm characteristics we find little evidence of a positive association between belonging to the cluster organization and economic resilience. Members of the cluster organization are neither less likely to exit nor adapt by switching their main economic activity and did not show statistically significantly higher revenue growth than nonmembers. Member firms do appear to have been more able than non-members to keep up with tax obligations during the first wave of the COVID-19 pandemic.

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“…Given the socialization effort chosen by all active individuals, a social network is formed by a random process that matches individuals based on their socialization effort. Following Albornoz et al (2019), we assume that the link intensity between two individuals 𝑖 and ℎ is given by 𝑔(𝑠 𝑖 , 𝑠 ℎ ) = √ 𝑠(𝑥 𝑖 )𝑠(𝑥 ℎ ). Since the model specifies random link formation between active individuals, 𝑔(𝑠 𝑖 , 𝑠 ℎ ) can be also interpreted as the probability of social link formation between 𝑖 and ℎ.…”

Section: Stage 2: Formation Of Social Networkmentioning

confidence: 99%

The impact of social networking on labor market participation

Horváth

Zhang

2021

Bulletin of Econ Res

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We study the impact of social networks on the workers' labor market participation. We assume that individuals are heterogeneous with respect to the value of home production, which determines who participates in the labor market. Active individuals strategically form social links to obtain job information where the opportunity cost of networking is the value of home production. We find that social networking increases the labor market participation because it raises the probability to find a job. However, the equilibrium level of participation is lower than the socially optimal level. Social networking creates negative externalities, if social policies fix these externalities, the labor market participation rate will increase. Further, we show that when social networking becomes more efficient, the inequality between active individuals increases.

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Occupational Choice with Endogenous Spillovers

Cited by 14 publications

References 70 publications

What You Don’t Know…Can’t Hurt You? A Natural Field Experiment on Relative Performance Feedback in Higher Education

What You Don’t Know…Can’t Hurt You? A Natural Field Experiment on Relative Performance Feedback in Higher Education

Cluster Initiatives and Economic Resilience: Evidence from a Technology Cluster in Argentina

The impact of social networking on labor market participation

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