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On the puzzle of diversification in social networks with occupational mismatch
Zaharieva, Anna - 2015
a unique value of network homophily maximizing the present value of income. Therefore, there is a gain for risk …-neutral workers if their network is diversified between the two occupations. The reason for diversification is that the present value … income as in standard portfolio theory which is driving the decision of workers. Nevertheless, the optimal diversification …
Persistent link: https://www.econbiz.de/10011373259
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Immigration, social networks and occupational mismatch
Alaverdyan, Sevak; Zaharieva, Anna - 2019
professional homophily in the link formation. Our model predicts that immigrant workers face stronger risk of unemployment and …
Persistent link: https://www.econbiz.de/10012009893
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Optimal policy and the role of social contacts in a search model with heterogeneous workers
Stupnytska, Yuliia; Zaharieva, Anna - 2013
This paper develops a search model with heterogeneous workers and social networks. High ability workers are more productive and have a larger number of professional contacts. Firms have a choice between a high cost vacancy in the regular labour market and a low cost job opening in the referral...
Persistent link: https://www.econbiz.de/10010202193