TY - GEN AB - Based on a closed agent-based macroeconomic simulation model (Eurace@Unibi) this paper analyzes whether the density of social networks influences via referrals the residual wage inequality in different skill groups. It is shown that an increase in network density leads to a polarization of firms and a concentration of workers with high specific skills at firms with high productivities (and wages) thereby enlarging within group wage inequality, but not between group wage inequality. DA - 2013 DO - 10.4119/unibi/2915377 KW - wage inequality KW - social networks KW - referral hiring KW - agent-based simulation LA - eng PY - 2013 SN - 2196-2723 SP - 34- TI - How do social networks contribute to wage inequality? Insights from an agent-based analysis. UR - https://nbn-resolving.org/urn:nbn:de:0070-pub-29153776 Y2 - 2024-11-25T03:12:42 ER -