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

between the three core labor force states, employment, unemployment, and inactivity. The dynamics of these transitions depend …The aggregate average unemployment rate in a given country is essentially the result of individual workers' transitions … factors to translate unobserved shocks to the labor market into observed cellspecific unemployment rates as well as bilateral …

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 …