Strategic Referring in Labor Market Social Networks

Natálie Reichlová () and Petr Švarc ()
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Natálie Reichlová: Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic, http://ies.fsv.cuni.cz/
Petr Švarc: Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic, http://ies.fsv.cuni.cz/
Authors registered in the RePEc Author Service: Natálie Švarcová ()

No 2006/29, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: We present a model of job search in which information about job opportunities is available either through direct search at the labor market or through network of socially tied individuals. We consider two cases - altruistic and self-interested agents that maximize their utility function. We show that optimal strategies range between full and no referring cases. Altruistic individuals tend to refer more than selfinterested agents. Strategic referring allows agents alleviate employment variation and leads to higher average utility levels and lower unemployment rates.

Keywords: agent-based modeling; networks; strategy; job referring (search for similar items in EconPapers)
JEL-codes: D82 D83 J62 J64 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2006-12, Revised 2006-12
New Economics Papers: this item is included in nep-cse, nep-lab, nep-net, nep-soc, nep-upt and nep-ure
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