Hiring through referrals
AbstractAn equilibrium search model of the labor market is combined with a social network. The key features are that the workers' network transmits information about jobs and that wages and firm entry are determined endogenously. Empirically, the inter-industry variation in aggregate matching efficiency is attributed to variation in referral use. The model predicts that the efficiency of the aggregate matching function is pro-cyclical which is consistent with empirical evidence.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 152 (2014)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/inca/622869
Search; Referrals; Social networks;
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- J0 - Labor and Demographic Economics - - General
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