Monday, April 10, 2006

Returns to Social Capital II -- College Networking

In both sections, the first return to social capital that was mentioned was "getting a job." There is a strong sense that social connections are very useful for finding jobs. We will discuss in class formal reasons why this might be the case. Before we do that, though, here is some evidence on the role of undergraduate social connections on obtaining first jobs from Mamaros and Sacerdote:

We examine how Dartmouth College seniors use social networks to obtain their first jobs. Social networks utilized differ for men and women and for white and non-white students. Networking differs greatly across different types of careers. Those students networking with fraternity and sorority members and alumni are also the most likely to obtain high paying and prestigious jobs. There is also a strong connection between own employment outcomes and outcomes for randomly assigned freshmen hallmates.

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