Do Workers Really Benefit From Their Social Networks?

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20548

Title:	Do Workers Really Benefit From Their Social Networks?
Keywords:	Z13 J68 E24 J64 ddc:330 economic policy matching social networks unemployment Arbeitslosigkeit Arbeitsnachfrage Matching Soziales Netzwerk Crowding out Arbeitsmarkttheorie Theorie
Issue Date:	16-Oct-2013
Publisher:
Description:	This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched together through social networks or through more "formal" methods of search. We show that networks do not necessarily add new externalities and that some results previously obtained in the literature are questionable. Nevertheless, social networks can, in some case, substitute for labor market and this crowding-out effect may be socially costly. We show that a policy increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare. Since it is mostly the firms which benefit from larger social networks, transfers from the firms to the workers are necessary to make larger access to the social networks efficient.
URI:	http://koha.mediu.edu.my:8181/xmlui/handle/10419/20548
Other Identifiers:	http://hdl.handle.net/10419/20548 ppn:46023675X
Appears in Collections:	EconStor

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