increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

distribution of unemployment rates across networks. We show that wage dispersion arises endogenously as the consequence of the … agents' statuses, induces unemployment persistence and wages positively correlated with age. Eventually, we show that a …

distribution of unemployment rates across networks. We emphasize that wage dispersion arises endogenously as the consequence of the … necessary induce stickiness in unemployment dynamics. Our endogenous matching technology shows that the effects of networks on …

workers only know the distribution of productivity in the economy. Although there is unemployment in equilibrium, the labor … equilibrium wage, while an increae in average productivity or a reduction in the variance reduces unemployment. It follows that if … recessions are chararacterized by low average productivity and a high variance, the model can explain large (un)employment …