mercoledì 20 settembre 2017 – LIUC - Università Cattaneo
Relatore: Philipp Harting
All’interno del ciclo di seminari rivolti ai docenti e ricercatori LIUC, Philipp Harting - Post-doctoral Researcher presso Bielefeld University, Department for Business Administration and Economics - ha presentato ai colleghi il suo lavoro sul tema “On the Effects of Social Influence and Wage Expectations on Wage Inequality”.
Abstract
This paper explores the effect of socially influenced wage expectations on the emergence and persistence of wage inequality. A search and matching labor market model with wage bargaining is considered, in which individual wage expectations of workers are determined by the average wage earned by employees in their social network. The population is assumed to consist of different groups and it is shown that in a scenario where social networks are segregated, in a sense that individuals have ties only within their group, deviations of average group wages from the population mean are more persistent than in a scenario where social ties are uniformly distributed across the population. Furthermore, segregated networks induce more uniform wages within a group and this effect is so strong that overal standard deviation of wages in the population is smaller under segregated than under random networks. Finally, it is demonstrated that segregated networks have a positive impact on the average wage in the population.
Ufficio Ricerca
ricerca@liuc.it
