The Role of Social Networks in Inequality, Immobility, and Inefficiency
We study the role of networks of referrals in job markets. Referrals screen candidates and lead to better matches and increased productivity, but disadvantage
We identify conditions under which distributing referrals more evenly across a population not only reduces inequality, but also increases productivity and ...
https://iems.ust.hk/events/academic-seminar/2020/jackson-role-social-network-inequality-immobility-inefficiency