Social interactions and labor market outcomes in cities

Arbeitspapier

We develop a model where information about jobs is essentially obtained through friends and relatives, i.e. strong and weak ties. Workers commute to a business center to work and to interact with other people. We find that housing prices increase with the level of social interactions in the city because information about jobs is transmitted more rapidly and, as a result, individuals are more likely to be employed and to be able to pay higher land rents. We also show that, under some condition, workers using more their weak ties than strong ties to find a job receive a higher wage. We finally demonstrate that workers living far away from jobs pay lower housing prices but experience higher unemployment rates than those living close to jobs because they mainly rely on their strong ties to obtain information about jobs.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 3283

Klassifikation und Themen

• Klassifikation: Sozialwissenschaften, Soziologie, Anthropologie ; Network Formation and Analysis: Theory
• Thema: Weak ties ; labor market ; social networks ; land rent ; Soziale Beziehungen ; Immobilienpreis ; Informationsversorgung ; Friktionelle Arbeitslosigkeit ; Weiße ; Schwarze ; Städtischer Arbeitsmarkt ; Dynamisches Modell ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Zenou, Yves
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/34828
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ