
Social Interactions in the Labor Market
now publishers Inc
1st Edition
Published on 25. September 2011
Book
Paperback/Softback
120 pages
978-1-60198-488-3 (ISBN)
Description
Social Interactions in the Labor Market addresses the following questions: How do theoretical economic models and their associated econometric representations change when there are social interactions among households? How do policy implications change as the result of estimated households' social interactions? The authors present a unified theoretical and empirical representation of social interactions as they pertain to labor supply and demand and demonstrate the cases where current policy prescriptions are greatly altered by the presence of social interactions. Section 2 examines theoretically the effect of household interdependencies on how a researcher estimates and interprets labor supply and earnings equations. Having examined labor supply issues, Section 3 and give theoretical attention to labor demand. As a further demonstration how the presence of social interactions complicates thinking about economic policy the authors consider overall labor market outcomes and related economic policy further in Section 4 by examining theoretically the socially optimal wealth distribution. Section 5 measures local economic conditions by the county unemployment rate and neighborhood spillover effects by the racial makeup and poverty rate of the county. Lastly, Section 6 examines the econometric details of implementing an empirical model with possible social interactions in labor supply.
More details
Series
Language
English
Place of publication
Hanover
United States
Target group
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
Thickness: 6 mm
Weight
181 gr
ISBN-13
978-1-60198-488-3 (9781601984883)
DOI
10.1561/0700000045
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Schweitzer Classification
Content
1. Labor Markets with Social Interactions. 2. Labor Supply with Social Interactions. 3. Social Interactions in Commodity and Derived Labor Demands. 4. General Equilibrium and Welfare with Interdependent Preferences. 5. Empirical Welfare Analysis: Social Interactions and Poverty Spell Length. 6. Labor Supply Social Interactions: Estimates and Tax Policy Implications. 7. Conclusion. References.