Social Networks in Labor Markets

Antoni Calvó-Armengol and Yannis Ioannides ()

No 517, Discussion Papers Series, Department of Economics, Tufts University from Department of Economics, Tufts University

Abstract: Research in sociology and economics point to important role for social networks in labor markets. Social contacts mediate propagation of rich and reliable information among indi- viduals and thus help workers find jobs and employers find employees. Recent theoretical advances show that for agents connected through networks employment is positively cor- related across time and agents, unemployment exhibits duration dependence, and inequal- ity can persist. Recent empirical findings underscore nonlinearities in social interactions and potentially important effects of self-selection. Socioeconomic characteristics can explain substantial spatial dependence in unemployment.

Keywords: networks; labor markets; social connections; unemployment; proximity; spatial dependence; information networks; neighborhoods and jobs (search for similar items in EconPapers)
JEL-codes: D85 A14 J64 J31 J70 L14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-geo, nep-net, nep-soc and nep-ure
Date: 2005
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Persistent link: http://EconPapers.repec.org/RePEc:tuf:tuftec:0517

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