Schmutte, Ian - In: IZA World of Labor (2016)
Social networks, or “job-referral” networks, can help make labor markets become more efficient. Outside the firm, they …, productive, and profitable. In aggregate, referral networks help “grease the wheels” of a labor market that can be beset by a … range of information problems. However, such networks can also be segmented along racial, ethnic, and socio-economic lines …