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a unique value of network homophily maximizing the present value of income. Therefore, there is a gain for risk …
Persistent link: https://www.econbiz.de/10011373259
Persistent link: https://www.econbiz.de/10010500971
We propose a random network model incorporating heterogeneity of agents and a continuous notion of homophily. Unlike … the vast majority of the corresponding economic literature, we capture homophily in terms of similarity rather than … characteristics. A homophily parameter directly determines the strength of this effect. As a main result, we show that for any …
Persistent link: https://www.econbiz.de/10011296325
We propose a random network model incorporating heterogeneity of agents and a continuous notion of homophily. Unlike … the vast majority of the corresponding economic literature, we capture homophily in terms of similarity rather than … homophily levels. As a possible application we provide a stylized labor market model, where a firm can hire a worker via the …
Persistent link: https://www.econbiz.de/10010379888
professional homophily in the link formation. Our model predicts that immigrant workers face stronger risk of unemployment and …
Persistent link: https://www.econbiz.de/10012007171
professional homophily in the link formation. Our model predicts that immigrant workers face stronger risk of unemployment and …
Persistent link: https://www.econbiz.de/10012009893
Persistent link: https://www.econbiz.de/10012129606
The conditions under which young workers find their first real post-graduation jobs are both very important for the young's future careers and insufficiently known given their public policy implications. To study these conditions, and in particular the role played by networks, we use a Swedish...
Persistent link: https://www.econbiz.de/10010321108
This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched together through social networks or through more "formal" methods of search. We show that networks do not necessarily add new externalities and that some results previously...
Persistent link: https://www.econbiz.de/10010262031
This paper provides a simple matching model in which unemployed workers and employers can be matched together through social networks and through more efficient, but also more costly, methods. In this framework, decentralized decisions to utilize social networks in the job search process can be...
Persistent link: https://www.econbiz.de/10010262669