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Essays on Networks and Macroeconomics.

Kivinen, Steven W.

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Essays on Networks and Macroeconomics.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on Networks and Macroeconomics./
Author:	Kivinen, Steven W.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2015,
Description:	132 p.
Notes:	Source: Dissertation Abstracts International, Volume: 78-01(E), Section: A.
Contained By:	Dissertation Abstracts International78-01A(E).
Subject:	Economic theory. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10155163
ISBN:	9781369102482

Essays on Networks and Macroeconomics.
Kivinen, Steven W.

Essays on Networks and Macroeconomics. - Ann Arbor : ProQuest Dissertations & Theses, 2015 - 132 p.

Source: Dissertation Abstracts International, Volume: 78-01(E), Section: A.

Thesis (Ph.D.)--Queen's University (Canada), 2015.

This thesis consists of three essays related by the themes of networks and macroeconomics. The first essay examines the role of networks in workers' search for employment. Unemployed workers gain employment by sending resumes directly to employers, and indirectly through employed friends. I find that the amount of search effort a worker undertakes is related to how many employed friends it has, and whether networks are substitutes or complements in search. When search costs are linear I find that complementary networks cause those with the most friends to search, while substitutable networks cause search effort to be independent of an individual's network position. Finally, I examine the role of aggregate links on aggregate matching.

ISBN: 9781369102482Subjects--Topical Terms:

1556984
Economic theory.

Essays on Networks and Macroeconomics.
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100 1 $a Kivinen, Steven W. $3 3286986
245 1 0 $a Essays on Networks and Macroeconomics.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2015
300 $a 132 p.
500 $a Source: Dissertation Abstracts International, Volume: 78-01(E), Section: A.
500 $a Advisers: James Bergin; and Marie-Louise Viero.
502 $a Thesis (Ph.D.)--Queen's University (Canada), 2015.
520 $a This thesis consists of three essays related by the themes of networks and macroeconomics. The first essay examines the role of networks in workers' search for employment. Unemployed workers gain employment by sending resumes directly to employers, and indirectly through employed friends. I find that the amount of search effort a worker undertakes is related to how many employed friends it has, and whether networks are substitutes or complements in search. When search costs are linear I find that complementary networks cause those with the most friends to search, while substitutable networks cause search effort to be independent of an individual's network position. Finally, I examine the role of aggregate links on aggregate matching.
520 $a The second essay examines the impact of networks on aggregate labour market variables, such as unemployment and unfilled vacancies. It is concluded that networks lead to wage heterogeneity, increased unemployment volatility, and higher autocorrelation of vacancy rates. The conclusions follow analytically using an approximation method, and quantitative magnitudes are discussed using numerical simulations. Finally, issues of network formation and multiple equilibria are addressed.
520 $a The final essay analyzes the role of imitation on firm pricing decisions. A generalization of Calvo pricing is developed. It is shown that price dynamics are much different in a model with imitation. I demonstrate analytically that sticky inflation can arise. I partially characterize equilibrium prices and inflation. I finish the chapter by generalizing the network effects.
590 $a School code: 0283.
650 4 $a Economic theory. $3 1556984
690 $a 0511
710 2 $a Queen's University (Canada). $3 1017786
773 0 $t Dissertation Abstracts International $g 78-01A(E).
790 $a 0283
791 $a Ph.D.
792 $a 2015
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10155163