Do Parental Networks Pay Off? Linking Children's Labor‐Market Outcomes to Their Parents' Friends
利用父母高中时期的朋友数据，研究发现父母的朋友圈对孩子的职业选择和收入前景没有显著影响，仅在孩子初入职场时有微弱作用。
Abstract In this paper, we examine whether children are better off if their parents have more elaborate social networks. Using data on high‐school friendships of parents, we analyze whether the number and characteristics of friends affect the labor‐market outcomes of children. While parental friendships formed in high school appear long lasting, we find no significant impact on their children's occupational choices and earnings prospects. These results do not change when we account for network endogeneity, network persistency, and network measurement error. Only when children enter the labor market do friends of parents have a marginally significant but small influence on their occupational choice.