Show simple item record

2014-04-01Buch DOI: 10.18452/4511
Peer Effects andStudents’ Self-Control
dc.contributor.authorBuechel, Berno
dc.contributor.authorMechtenberg, Lydia
dc.contributor.authorPetersen, Julia
dc.date.accessioned2017-06-16T01:00:33Z
dc.date.available2017-06-16T01:00:33Z
dc.date.created2014-09-08
dc.date.issued2014-04-01
dc.date.submitted2014-04-01
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5163
dc.description.abstractWe conducted a multi-wave field experiment to study the interaction of peer effects and selfcontrol among undergraduate students. We use a behavioral measure of self-control based on whether students achieve study related goals they have set for themselves. We find that both self-control and the number of talented friends increase students’ performance. We then set out to test the theoretical prediction of Battaglini, Bénabou and Tirole (2005) that (only) sufficiently self-controlled individuals profit from interactions with peers. We find that peers with high self-control are more likely to connect to others, have a higher overall number of friends and have a higher number of talented friends. Moreover, positive news about self-controlled behavior of their peers increases students’ own perseverance. Hence, our findings are consistent with the model of Battaglini, Bénabou and Tirole. In addition, we find that female students are more likely to have high self-control, but do not outperform male students. One reason for this is that female students have a lower number of talented friends than their male counterparts, thereby profiting less from positive peer effects. and analyze time-varying spillovers. Adjusted for BEI risk premia, our main result suggests that spillovers of inflation expectations increase during times of macroeconomic stress. We document a significant impact of the European sovereign debt crisis on US expectations. The finding contributes to the discussion about a weakening of inflation control by national central banks and speaks in favor of internationally coordinated policy actions, especially during crisis times.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectInternational transmissionseng
dc.subjectbreak-even inflationeng
dc.subjectcredibility of monetary policyeng
dc.subjectidentification through heteroskedasticityeng
dc.subjectstructural vector autoregressive analysiseng
dc.subjectSVAReng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titlePeer Effects andStudents’ Self-Control
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100220015
dc.identifier.doihttp://dx.doi.org/10.18452/4511
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages72
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2014
local.edoc.container-issue24
local.edoc.container-year2014
local.edoc.container-erstkatid2195055-6

Show simple item record