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Multinomial Choice with Social Interactions: Occupations in Victorian London

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  • Jose-Alberto Guerra
  • Myra Mohnen

Abstract

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.

Suggested Citation

  • Jose-Alberto Guerra & Myra Mohnen, 2022. "Multinomial Choice with Social Interactions: Occupations in Victorian London," The Review of Economics and Statistics, MIT Press, vol. 104(4), pages 736-747, October.
    • Handle: RePEc:tpr:restat:v:104:y:2022:i:4:p:736-747
    DOI: 10.1162/rest_a_00979
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    Cited by:

    1. Lambotte, Mathieu & Mathy, Sandrine & Risch, Anna & Treibich, Carole, 2023. "Disentangling peer effects in transportation mode choice: The example of active commuting," Journal of Environmental Economics and Management, Elsevier, vol. 121(C).
    2. Gupta, Abhimanyu & Kokas, Sotirios & Michaelides, Alexander & Minetti, Raoul, 2025. "Networks and information in credit markets," Journal of Corporate Finance, Elsevier, vol. 94(C).
    3. Mathieu Lambotte, 2025. "Heterogeneity in peer effects for binary outcomes," Papers 2511.15891, arXiv.org, revised Nov 2025.
    4. Juli√°n Costas-Fern√°ndez & JosÔøΩ-Alberto Guerra & Myra Mohnen, 2020. "Train to Opportunity: the Effect of Infrastructure on Intergenerational Mobility," Documentos CEDE 18591, Universidad de los Andes, Facultad de Economía, CEDE.

    More about this item

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • N0 - Economic History - - General

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