Employment with connections: Negative network effects

Hisaki Kono

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Employment with connections: Negative network effects

机译：有联系的就业：网络负面影响

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摘要

In less developed countries, it is widely observed that employers hire workers through employee referrals. In this paper, we show an extension of this kind of networks that may decrease applicants' payoffs while a diversification of the networks can raise referred applicants' payoffs. We also discuss the effect of the extension of interlinked contracts on farmers' wages.

机译：在欠发达国家中，普遍观察到雇主通过雇员推荐来雇用工人。在本文中，我们展示了这种网络的扩展，它可以减少申请人的报酬，而网络的多元化可以提高推荐申请人的报酬。我们还讨论了相互联系的合同的延长对农民工资的影响。

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《Journal of Development Economics》 |2006年第1期|共15页
作者
Hisaki Kono;
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正文语种 eng
中图分类经济;
关键词
Employee referrals; Lemon effect; Bargaining effect;

机译：员工推荐;柠檬效应;谈判效应;

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机译：有联系的就业：网络负面影响
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7. We analyze, in this paper, a DSGE New Keynesian model with indi- visible labor where firms may belong to two different final goods producing sectors one where wages and employment are determined in competitive labor markets and the orther where wages and employment are the result of a contractual process between unions and firms. Bargaining between firms and monopoly unions implies real wage rigidity in the model and, in turn, an endogenous trade-off between output stabilization and infla- tion stabilization. We show that the negative effect of a productivity shock on inflation and the positive effect of a cost-push shock is crucially determined by the proportion of firms that belong to the competitive sec- tor. The larger is this number, the smaller are these effects. We derive a welfare based objective function as a second order Taylor approxima- tion of the expected utility of the economy's representative agent and we analyze optimal monetary policy. We show that the larger is the num- ber of firms that belong to the competitive sector, the smaller should be the response of the nominal interest rate to exogenous productivity and cost-push shocks. If we consider, however, an instrument rule where the interest rate must react to inflationary expectations, the rule is not af- fected by the structure of the labor market. The results of the model are consistent with a well known empirical regularity in macroeconomics, i.e. that employment volatility is larger than real wage volatility. [O] . Lorenza Rossi, Fabrizio Mattesini 100

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8. Effects on Electrical Distribution Networks of Dispersed Power Generation at High Levels of Connection Penetration [R] . Longrigg, P. 1983

机译：高水平连接穿透对分散发电配电网的影响

Employment with connections: Negative network effects

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