Lester, Benjamin; Rivers, David A.; Topa, Giorgio - 2021
We document a new set of facts regarding the impact of referrals on labor market outcomes. Our results highlight the … importance of distinguishing between different types of referrals-those from family and friends and those from business contacts …-and different occupations. Then we develop an on-the-job search model that incorporates referrals and calibrate the model to key …