Choosing the Right Pond: Social Approval and Occupational Choice
构建模型分析社会对职业的认知如何内生形成，并影响个人职业选择。社会认可取决于社区对个人技能的评价，这种评价因职业相似性而存在偏差，可能导致职业选择偏离比较优势，引发资源错配和多重稳态。
We model the endogenous emergence of social perceptions about occupations and their impact on occupational choice. In particular, an individual's social approval increases with his community's perception of his skill in his chosen career. These perceptions vary across communities because individuals better assess the skill of those in occupations similar to their own. Such imperfect assessment can distort choices away from comparative advantage. When skill distributions differ across occupations and/or correlate positively, the community perceives one occupation more favorably. This favored sector experiences overcrowding, but misallocation occurs across both sectors. Furthermore, a positive skill correlation can produce multiple steady states.