Héctor Calvo Pardo, 27 September 2017

Are social interactions a source of information for taking financial decisions? In this video, Héctor Calvo Pardo explains the links between financial literacy, social interactions and investments. This video was recorded in July 2017 at a macroeconomics conference organised by the Bank of England.

William Kerr, Martin Mandorff, 31 October 2015

Immigrants are more likely to concentrate around specific industries and entrepreneurship. Market integration and discrimination only go a certain way towards explaining this phenomenon. This column explores how social interactions affect immigrants’ employment decisions in the US. Fifteen ethnic groups are found to cluster around certain industries at a rate 10 times greater than the native population. Immigrants are argued to be drawn to the same industries as their countrymen due to the ease of diffusing skills through social interactions in the group, along with higher earnings due to specialisation.

Henry Saffer, Karine Lamiraud, 20 February 2008

People have fewer friends and visit them less often than in the past. A popular explanation suggests that we’re working longer and have less time for friends, but recent research finds little tradeoff between working hours and social hours. The relevant tradeoffs, this column suggests, are between types of social interaction.

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