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Peer effects and students' self-control

Author

Listed:
  • Buechel, Berno
  • Mechtenberg, Lydia
  • Petersen, Julia
Abstract
We 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.

Suggested Citation

  • Buechel, Berno & Mechtenberg, Lydia & Petersen, Julia, 2014. "Peer effects and students' self-control," SFB 649 Discussion Papers 2014-024, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    • Handle: RePEc:zbw:sfb649:sfb649dp2014-024
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    Cited by:

    1. Aurélie Bonein & Laurent Denant-Boèmont, 2015. "Self-control, commitment and peer pressure: a laboratory experiment," Experimental Economics, Springer;Economic Science Association, vol. 18(4), pages 543-568, December.
    2. Battaglini, Marco & Díaz, Carlos & Patacchini, Eleonora, 2017. "Self-control and peer groups: An empirical analysis," Journal of Economic Behavior & Organization, Elsevier, vol. 134(C), pages 240-254.
    3. Gerhards, Leonie & Gravert, Christina, 2016. "Because of you I did not give up - How peers affect perseverance," VfS Annual Conference 2016 (Augsburg): Demographic Change 145691, Verein für Socialpolitik / German Economic Association.

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    More about this item

    Keywords

    Self-control; Peer Influence; Social Networks; Goals; Time preferences; Procrastination; Willpower; School Performance; Experiment;
    All these keywords.

    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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