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Social networks, or “job-referral” networks, can help make labor markets become more efficient. Outside the firm, they help workers obtain employment after displacement and secure higher-paying jobs. They can also match highly-skilled workers to more productive employment. Inside the firm,...
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-abundant countries into the world economy. With flexible wages, a negative supply shock leads to a decrease in the wage rate while …
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initially negative effect on employment that turns positive after about one year while the impact on wages is permanently … that these results are driven by a drop in the reservation wages of 'converted' criminals rather than the lack of …
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initially negative effect on employment that turns positive after about one year while the impact on wages is permanently … that these results are driven by a drop in the reservation wages of 'converted' criminals rather than the lack of …
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decrease the volatility of real wages, ceteris paribus. For a sample of 14 OECD countries over the period 1985-2005, the gross …
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