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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
professional homophily in the link formation. Our model predicts that immigrant workers face stronger risk of unemployment and …
Persistent link: https://www.econbiz.de/10012009513
professional homophily in the link formation. Our model predicts that immigrant workers face stronger risk of unemployment and …
Persistent link: https://www.econbiz.de/10012042151
professional homophily in the link formation. Our model predicts that immigrant workers face stronger risk of unemployment and …
Persistent link: https://www.econbiz.de/10012007171
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
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/10011098630
This paper develops a labour market matching model with heterogeneous firms, on-thejob search and referrals. Social capital is endogenous, so that better connected workers bargain higher wages for a given level of productivity. This is a positive effect of referrals on reservation wages. At the...
Persistent link: https://www.econbiz.de/10010319988
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/10010352828
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
unexplained racial/ethnic wage differentials on the one hand and social network segregation, as measured by inbreeding homophily …
Persistent link: https://www.econbiz.de/10011255663