A dynamic model of weak and strong ties in the labor market
A dynamic model of weak and strong ties in the labor market
The study develops a simple model where workers can obtain a job through either their strong or weak ties. It shows that increasing the time spent with weak ties raises the employment rate of workers. It also shows that when the job-destruction rate or the job-information rate increases, workers choose to rely more on their weak ties to find a job. The model is extended so unemployed workers can also learn of a vacancy directly from an employer. Results show that equilibrium employment and time spent with weak ties are sometimes, but not in all cases, positively related.
891-932
Zenou, Yves
38bf0c72-462b-4c08-8fd1-ce365b0296dc
October 2015
Zenou, Yves
38bf0c72-462b-4c08-8fd1-ce365b0296dc
Zenou, Yves
(2015)
A dynamic model of weak and strong ties in the labor market.
Journal of Labor Economics, 33 (4), .
(doi:10.1086/681098).
Abstract
The study develops a simple model where workers can obtain a job through either their strong or weak ties. It shows that increasing the time spent with weak ties raises the employment rate of workers. It also shows that when the job-destruction rate or the job-information rate increases, workers choose to rely more on their weak ties to find a job. The model is extended so unemployed workers can also learn of a vacancy directly from an employer. Results show that equilibrium employment and time spent with weak ties are sometimes, but not in all cases, positively related.
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Accepted/In Press date: 24 April 2014
e-pub ahead of print date: 6 August 2015
Published date: October 2015
Organisations:
Economics
Identifiers
Local EPrints ID: 407696
URI: http://eprints.soton.ac.uk/id/eprint/407696
ISSN: 0734-306X
PURE UUID: 1dc42db5-e54f-4628-a9d5-732e451f4402
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Date deposited: 22 Apr 2017 01:08
Last modified: 16 Mar 2024 04:11
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