Networks, culture, and the labour market - Social Capital Gateway

May 3, 2017 - different equilibria. 1) One is laissez-faire, with high mobility and unregulated labor markets, which occurs when family >es are weak. 2) When family >es are strong, there is another equilibrium with labor market rigidity comprising minimum wage and firing restric>ons. Family and the labour market ...
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Networks, culture, and the labour market Lecture notes for the course of Economics and Policy of Networks Prof. Fabio Saba