Quantifying the Effects of Job Matching Through Social Networks

Quantifying the Effects of Job Matching Through Social Networks
Author: Adalbert Mayer
Publisher:
Total Pages: 0
Release: 2014
Genre:
ISBN:

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The recent literature explains the theoretical implications of the matching of workers to jobs through social networks. These insights are obtained for extremely simplified economies or rely on unrealistically simple social networks. Therefore, it is difficult to obtain a sense for the quantitative importance of effects generated by real life social networks. In this paper, I augment a labor market matching model to allow for information transmission through social networks. I illustrate the effects of social networks and I use simulations to quantify the predictions of the model for complex and realistic social networks. Information transmission through social contacts reduces the steady state unemployment rate from a hypothetical 6.5% to 5%. Social referrals can explain one fifth of the observed duration dependence of unemployment. They cannot explain much of the variation in wages of otherwise homogeneous workers and do not substantially influence aggregate outcomes over the business cycle.


Quantifying the Effects of Job Matching Through Social Networks
Language: en
Pages: 0
Authors: Adalbert Mayer
Categories:
Type: BOOK - Published: 2014 - Publisher:

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The recent literature explains the theoretical implications of the matching of workers to jobs through social networks. These insights are obtained for extremel
Measuring International Economic Intergration
Language: en
Pages: 71
Authors:
Categories:
Type: BOOK - Published: - Publisher: Fundacion BBVA

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The Oxford Handbook of Job Loss and Job Search
Language: en
Pages: 633
Authors: Ute-Christine Klehe PhD
Categories: Psychology
Type: BOOK - Published: 2018-05-08 - Publisher: Oxford University Press

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Job search is and always has been an integral part of people's working lives. Whether one is brand new to the labor market or considered a mature, experienced w
Social Network Effects on Productivity and Job Security
Language: en
Pages: 0
Authors: Lynn Wu
Categories:
Type: BOOK - Published: 2013 - Publisher:

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By studying the change in employees' network positions before and after the introduction of a social networking tool, I find that information-rich networks (low
Does Using Social Networks Lead to Better Job Opportunities?
Language: en
Pages: 36
Authors: Gökçe Başbuğ
Categories:
Type: BOOK - Published: 2015 - Publisher:

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Research on the effect of social networks on job search outcomes has provided mixed results. Some studies found that the use of social contacts has positive eff