Hiring through referrals

Manolis Galenianos

Journal of Economic Theory, 2014, vol. 152, issue C, 304-323

Abstract: An 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.

Keywords: Search; Referrals; Social networks (search for similar items in EconPapers)
JEL-codes: J0 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (70)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0022053114000490
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Hiring through Referrals (2010)
Working Paper: Hiring through Referrals (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:152:y:2014:i:c:p:304-323

DOI: 10.1016/j.jet.2014.03.009

Access Statistics for this article

Journal of Economic Theory is currently edited by A. Lizzeri and K. Shell

More articles in Journal of Economic Theory from Elsevier
Bibliographic data for series maintained by Catherine Liu ().