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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/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/10010202193
Empirical studies of labor markets show that social contacts are an important source of job-related information [Ioannides and Loury (2004)]. At the same time, wage differences among workers may be explained only in part by differences in individual background characteristics. Such findings...
Persistent link: https://www.econbiz.de/10011348716
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We develop and estimate an equilibrium model of study time choices of students on a social network. We examine how network structure interacts with student characteristics to affect academic achievement. Due to data limitations, few papers examine the mechanisms through which peer effects...
Persistent link: https://www.econbiz.de/10010518748
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