Networks in labor markets: Wage and employment dynamics and inequality

Antoni Calvó-Armengol; Matthew O. Jackson

doi:10.1016/j.jet.2005.07.007

Networks in labor markets: Wage and employment dynamics and inequality

Antoni Calvó-Armengol, Matthew O. Jackson

Departament d'Economia i d'Història Econòmica

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Resum

We present a model of labor markets that accounts for the social network through which agents hear about jobs. We show that both wages and employment are positively associated (a strong form of correlation) across time and agents. We also analyze the decisions of agents regarding staying in the labor market or dropping out. If there are costs to staying in the labor market, then networks of agents that start with a worse wage status will have higher drop-out rates and there will be a persistent differences in wages between groups according to the starting states of their networks. © 2005 Elsevier Inc. All rights reserved.

Idioma original	Anglès
Pàgines (de-a)	27-46
Revista	Journal of Economic Theory
Volum	132
DOIs	https://doi.org/10.1016/j.jet.2005.07.007
Estat de la publicació	Publicada - 1 de gen. 2007

SDG de les Nacions Unides

Aquest resultat contribueix als següents objectius de desenvolupament sostenible.

ODG 1 – Erradicació de la pobresa
ODG 8 – Treball digne i creixement econòmic
ODG 10 – Reducció de les desigualtats

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10.1016/j.jet.2005.07.007

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title = "Networks in labor markets: Wage and employment dynamics and inequality",

abstract = "We present a model of labor markets that accounts for the social network through which agents hear about jobs. We show that both wages and employment are positively associated (a strong form of correlation) across time and agents. We also analyze the decisions of agents regarding staying in the labor market or dropping out. If there are costs to staying in the labor market, then networks of agents that start with a worse wage status will have higher drop-out rates and there will be a persistent differences in wages between groups according to the starting states of their networks. {\textcopyright} 2005 Elsevier Inc. All rights reserved.",

keywords = "Drop-out rates, Employment, Labor markets, Networks, Unemployment, Wage inequality, Wages",

author = "Antoni Calv{\'o}-Armengol and Jackson, \{Matthew O.\}",

year = "2007",

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day = "1",

doi = "10.1016/j.jet.2005.07.007",

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AU - Calvó-Armengol, Antoni

AU - Jackson, Matthew O.

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N2 - We present a model of labor markets that accounts for the social network through which agents hear about jobs. We show that both wages and employment are positively associated (a strong form of correlation) across time and agents. We also analyze the decisions of agents regarding staying in the labor market or dropping out. If there are costs to staying in the labor market, then networks of agents that start with a worse wage status will have higher drop-out rates and there will be a persistent differences in wages between groups according to the starting states of their networks. © 2005 Elsevier Inc. All rights reserved.

AB - We present a model of labor markets that accounts for the social network through which agents hear about jobs. We show that both wages and employment are positively associated (a strong form of correlation) across time and agents. We also analyze the decisions of agents regarding staying in the labor market or dropping out. If there are costs to staying in the labor market, then networks of agents that start with a worse wage status will have higher drop-out rates and there will be a persistent differences in wages between groups according to the starting states of their networks. © 2005 Elsevier Inc. All rights reserved.

KW - Drop-out rates

KW - Employment

KW - Labor markets

KW - Networks

KW - Unemployment

KW - Wage inequality

KW - Wages

UR - https://www.scopus.com/pages/publications/33845579447

U2 - 10.1016/j.jet.2005.07.007

DO - 10.1016/j.jet.2005.07.007

M3 - Article

SN - 0022-0531

VL - 132

SP - 27

EP - 46

JO - Journal of Economic Theory

JF - Journal of Economic Theory

ER -

Networks in labor markets: Wage and employment dynamics and inequality

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SDG de les Nacions Unides

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