The implications of labor market network for business cycles

Marcelo Arbex, Sidney Caetano and Dennis O'Dea

No 1603, Working Papers from University of Windsor, Department of Economics

Abstract: This paper modifies the standard labor market search model with social networks. Labor market networks is an important job information transmission channel and the complementarity of network and direct search by the unemployed amplify the economy's short-run response to a technological shock. We show that network search has important quantitative consequences for the business cycle, in particular, for output and 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)
Pages: 9 pages
Date: 2016-04
New Economics Papers: this item is included in nep-dge, nep-mac, nep-net, nep-soc and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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http://web2.uwindsor.ca/economics/RePEc/wis/pdf/1603.pdf First version, 2016 (application/pdf)

Related works:
Journal Article: The implications of labor market network for business cycles (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:wis:wpaper:1603

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