This article investigates students' access to social capital and its role in their educational decisions in the stratified German school system. We measure social capital as the availability of highly educated adults in adolescents' and parents' social networks. Using panel data on complete...

We consider point estimation and inference based on modifications of the profile likelihood in models for dyadic interactions between n agents featuring agent-specific parameters. The maximum-likelihood estimator of such models has bias and standard deviation of order n-1 and so is...