The implications of labor market network for business cycles

Marcelo Arbex, Sidney Caetano and O’Dea, Dennis

Economics Letters, 2016, vol. 144, issue C, 37-40

Abstract: We embed a frictional labor market with formal and informal search in an RBC model. Even in a model with exogenous search effort the interaction between formal and informal (network) search methods can help in generating more volatility in unemployment.

Keywords: Business cycles; Labor markets; Social networks; Job search (search for similar items in EconPapers)
JEL-codes: D85 E24 E32 J64 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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Working Paper: The implications of labor market network for business cycles (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:144:y:2016:i:c:p:37-40

DOI: 10.1016/j.econlet.2016.04.028

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