| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12135 |
| DP12135 The Causal Impact of Social Connections on Firms’ Outcomes | |
| francis kramarz; Marcus Eliason; Lena Hensvik; Oskar Nordström Skans | |
| 发表日期 | 2017-07-07 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | The paper studies how social connections affect firm-level hiring decisions and performance. We use register data to characterize the social connections of firms’ employees. For causal identification, we use displacements which create directed supply shocks towards the firms of the displaced workers’ social connections. We make sure that our results are fully driven by these directed supply shocks. Results show that firms appear to prefer employed workers they are connected to over unconnected or unemployed workers when hiring. The employed and connected mostly go to high-productivity firms whereas the unemployed and unconnected tend to go to low-productivity firms. Strong connections – family, recent, durable, formed in small groups, between socially similar agents – matter the most. Displacements shocks cause connected firms, in particular low-productivity ones, to hire those workers they are connected to. Unconnected hires and separations are essentially unaffected. These supply shocks therefore cause the creation of additional jobs which increase firms’ employment. In addition, we use these shocks to show that hiring connected workers has a positive causal impact on firm performance. These results are consistent with a stylized framework where connections reduce hiring frictions and where the firm-level possibility to hire connected workers is a function of changing outside options of these workers. |
| 主题 | Labour Economics |
| 关键词 | Networks Job search Job displacement Job creation |
| URL | https://cepr.org/publications/dp12135 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540946 |
| 推荐引用方式 GB/T 7714 | francis kramarz,Marcus Eliason,Lena Hensvik,等. DP12135 The Causal Impact of Social Connections on Firms’ Outcomes. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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