Learn More
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 entry of firms are determined in equilibrium. In the baseline model workers are homogeneous and referrals are used to mitigate search frictions. When worker heterogeneity is(More)
This paper studies the interaction between the size of a …rm and the labor market outcomes of its workers. I consider a model in which …rms are internal labor markets within which workers are matched with occupations. The quality of the matches is uncertain and learned over time. Larger …rms o¤er more opportunities to workers to …nd a suitable occupational(More)
  • Remzi Kaygusuz, Nezih Guner, Gustavo Ventura, Manolis Galenianos, Ed-Ward Green, James Jordan +2 others
  • 2015
In the past decades, elimination of the pay-as-you-go system in U.S. has been extensively discussed and studied. Such an elimination would also eliminate the intragenerational redistribution done by the following policies of social security. Due to spousal and survivor's benefit provisions, Social Security system redistributes (mostly) to single-earner(More)
We present a variant of Galenianos (2011), a version of a random search model with two matching technologies: a standard matching function and worker networks. Our model has two types of workers, networked workers and non-networked workers. A steady state equilibrium exists where networked workers have lower unemployment and higher wages, and it is unique(More)
I present an equilibrium search model of the labor market in which workers send multiple applications and firms can interview multiple applicants. The potential number of interviews is determined by an ex ante investment in a recruitment technology. A better technology is more costly, but serves two purposes: it increases the probability that the firm will(More)
  • 1