How Does Peer Pressure Affect Educational Investments?
---- Acknowledgments ----
We thank Nava Ashraf, Ernesto Dal Bó, Leigh Linden, Aprajit Mahajan, Torsten Persson, Bruce Sacerdote, Noam Yuchtman and numerous seminar participants for comments and suggestions, and Pedro Aratanha, Andrea Di Miceli, Stefano Fiorin, Craig Jones, Vasily Korovkin, Matthew Miller and Benjamin Smith for excellent research assistance. We are grateful to the UCLA Anderson Price Center and the California Center for Population Research for financial support. Our study was approved by the UCLA Institutional Review Board and the Los Angeles Unified School District Committee on External Research Review. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.