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This paper is concerned with social interactions and their importance for unemployment. A theoretical model is … specified in which the social and psychological costs of unemployment depend upon the unemployment level. The theoretical … analysis reveals social multiplier effects, and shows that multiple unemployment equilibria may emerge. Data on all 20- to 24 …
Persistent link: https://www.econbiz.de/10005644641
implications showing how these models can explain why ethnic minorities tend to experience higher unemployment rate than workers …
Persistent link: https://www.econbiz.de/10011084530
In this paper we explore the effects of redistributive policies in a job search model where different degrees of self-confidence generate different arrival rates of new jobs. We find that the job search model is an useful framework to address behavioral concerns about personal motivation. We...
Persistent link: https://www.econbiz.de/10005604252
that reason, a policy increasing the social capital of the disadvantaged workers can increase the unemployment rate and …
Persistent link: https://www.econbiz.de/10008505525
disadvantaged workers can increase the unemployment rate and decrease workers? output. JEL Classification: E24, J64, J68, Z13. …
Persistent link: https://www.econbiz.de/10005560133
increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …
Persistent link: https://www.econbiz.de/10005566629
the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …
Persistent link: https://www.econbiz.de/10005510640
This paper offers an overview of the main literature on social capital in the light of Paldam’s (2000) “social capital dream”. Its main contributions can be summed as follows. Firstly, It develops an encompassing definition of social capital built on social interactions, social norms and...
Persistent link: https://www.econbiz.de/10005837391
This paper proposes a new theory of social norms that explores the relation between individuals' income, time allocation decisions, and consumption choices on the one hand, and the determinants of individuals' decision to conform or not to social norms on the other. It is shown that rational...
Persistent link: https://www.econbiz.de/10010703390
Social interactions arguably provide a rationale for several important phenomena, from smoking and other risky behavior in teens to e.g., peer effects in school performance. We study social interactions in dynamic economies. For these economies, we provide existence (Markov Perfect Equilibrium...
Persistent link: https://www.econbiz.de/10010616521