@TechReport{iza:izadps:dp2833,
            	author={Giorgi, Giacomo De and Pellizzari, Michele and Redaelli, Silvia},
            	title={Be as Careful of the Books You Read as of the Company You Keep: Evidence on Peer Effects in Educational Choices},
            	year={2007},
	month={Jun},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={2833},
            	url={https://www.iza.org/publications/dp2833},
	abstract={In this paper we investigate whether peers’ behavior influences the choice of college major. Using a unique dataset of students at Bocconi University and exploiting the organization of teaching at this institution, we are able to identify the endogenous effect of peers on such decision through a novel identification strategy which solves the common econometric problems of studies of social interactions. Results show that, indeed, one is more likely to choose a major when many of her peers make the same choice. We estimate that, when it diverts students from majors in which they seem to have a relative ability advantage, this effect leads to lower average grades and graduation mark, a penalty that could cost up to 1,117 USD a year in the labor market.},
	keywords={social interaction;education;peer effects;reflection},
            }