This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched together through social networks or through more «formal» methods of search. We show that networks do not necessarily add new externalities and that some results previously...

We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity and individual-level shocks. Monthly wage growth is decomposed into the contributions of human capital and job search, within and between jobs. Human capital...

YannAlgan, Pierre Cahuc, Bruno Decreuse, François Fontaine, Solenne Tanguy Epargne de précaution, réseaux sociaux et assurance chômage publique. Cet article analyse les conséquences des systèmes publics d'assurance chômage lorsque les ménages peuvent disposer de méthodes alternatives...

[eng] Social Networks and the Labor Market. This paper surveys the theoretical and empirical literature about the interaction between the labor market and the social networks. We use the theoretical literature to rationalize the ambiguity of the empirical findings. Especially, we point out that...

This paper provides a simple matching model in which unemployed workers and employers can be matched together through social networks and through more efficient, and also more costly, methods. In this framework, decentralized decisions to utilize social networks in the job search process can be...

We provide a matching model where identical workers are embedded in ex-ante identical social networks. Job arrival rate is endogenous and wages are bargained. We study the evolution of networks over time and characterize the equilibrium distribution of unemployment rates across networks. We...