Employment with connections: Negative network effects |
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Authors: | Hisaki Kono |
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Institution: | Graduate School of Economics, University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-0033, Japan |
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Abstract: | 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. |
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Keywords: | C78 C71 D82 J42 O15 |
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