Sato, Yasuhiro; Zenou, Yves - Institute for the Study of Labor (IZA) - 2014
ties) than in sparsely populated areas. We also demonstrate that, for a low urbanization level, there is a unique steady …-state equilibrium where workers do not interact with weak ties, while, for a high level of urbanization, there is a unique steady … when social interactions are optimal, we show that there is over-urbanization in equilibrium. …