Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148529
Authors: 
Schmutte, Ian
Year of Publication: 
2016
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2016 [Issue:] 304
Abstract: 
Social networks, or “job-referral” networks, can help make labor markets become more efficient. Outside the firm, they help workers obtain employment after displacement and secure higher-paying jobs. They can also match highly-skilled workers to more productive employment. Inside the firm, referrals facilitate employment relationships that are more stable, productive, and profitable. In aggregate, referral networks help “grease the wheels” of a labor market that can be beset by a range of information problems. However, such networks can also be segmented along racial, ethnic, and socio-economic lines, which brings into question the effect they may have on inequality between and within different groups of workers.
Subjects: 
referral networks
wages
unemployment
inequality
social interactions
JEL: 
J01
J31
J42
J62
E24
D85
Persistent Identifier of the first edition: 
Document Type: 
Article

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