Calvo-Armengol, Antoni; Jackson, Matthew O. - EconWPA - 2002
to an increase in the agent's employment probability and expected wages, in the sense of first order stochastic dominance … show that employment is positively correlated across time and agents, and the same is true for wages. Moreover … status or a smaller network, then that group's drop-out rate will be higher and their employment prospects and wages will be …
