6 papers
The Economic Benefits and Costs of AI and Policies to Mitigate AI's Impact on Inequality
Matthew O. Jackson, Zafer Kanik
We examine the economic impact of increasingly productive AI and policies that spread its benefits across the economy. Improvements in AI productivity trigger labor reallocation an…
Network Beliefs and Behavior with Peer Effects
Promit K. Chaudhuri, Matthew O. Jackson, Sudipta Sarangi +1
Individuals often act without knowing the full structure of the social network in which they are or will be embedded. We study how an individual's beliefs about their networks shap…
Peer Influence on West Point Cadets' Civil War Allegiances
Yuchen Guo, Matthew O. Jackson, Ruixue Jia
Do social networks and peer influence shape major life decisions in highly polarized settings? We explore this question by examining how peers influenced the allegiances of West Po…
The Role of Referrals in Immobility, Inequality, and Inefficiency in Labor Markets
Lukas Bolte, Nicole Immorlica, Matthew O. Jackson
We study the consequences of job markets' heavy reliance on referrals. Referrals lead to more opportunities for workers to be hired, which lead to better matches and increased prod…
Optimal Regulation and Investment Incentives in Financial Networks
Matthew O. Jackson, Agathe Pernoud
We examine optimal regulation of financial networks with debt interdependencies between financial firms. We first show that firms often have an incentive to choose excessively risk…
Inequality's Economic and Social Roots: the Role of Social Networks and Homophily
Matthew O. Jackson
I discuss economic and social sources of inequality and elaborate on the role of social networks in inequality, economic immobility, and economic inefficiencies. The lens of social…