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How do social networks contribute to wage inequality? Insights from an agent-based analysis

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  • Herbert Dawid
  • Simon Gemkow

Abstract

Based on a closed agent-based macroeconomic simulation model (Eurace@Unibi), this article 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.

Suggested Citation

  • Herbert Dawid & Simon Gemkow, 2014. "How do social networks contribute to wage inequality? Insights from an agent-based analysis," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 23(5), pages 1171-1200.
    • Handle: RePEc:oup:indcch:v:23:y:2014:i:5:p:1171-1200.
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    File URL: http://hdl.handle.net/10.1093/icc/dtt049
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    Cited by:

    1. Patrick Mellacher, 2021. "Growth, Inequality and Declining Business Dynamism in a Unified Schumpeter Mark I + II Model," Papers 2111.09407, arXiv.org, revised Nov 2023.
    2. J. M. Applegate & Marco A. Janssen, 2022. "Job Mobility and Wealth Inequality," Computational Economics, Springer;Society for Computational Economics, vol. 59(1), pages 1-25, January.
    3. Bertani, Filippo & Ponta, Linda & Raberto, Marco & Teglio, Andrea & Cincotti, Silvano, 2021. "The complexity of the intangible digital economy: an agent-based model," Journal of Business Research, Elsevier, vol. 129(C), pages 527-540.
    4. Herbert Dawid & Philipp Harting & Sander Hoog & Michael Neugart, 2019. "Macroeconomics with heterogeneous agent models: fostering transparency, reproducibility and replication," Journal of Evolutionary Economics, Springer, vol. 29(1), pages 467-538, March.
    5. Herbert Dawid & Jasper Hepp, 2022. "Distributional effects of technological regime changes: hysteresis, concentration and inequality dynamics," Review of Evolutionary Political Economy, Springer, vol. 3(1), pages 137-167, April.
    6. d’Andria, D. & Savin, I., 2018. "A Win-Win-Win? Motivating innovation in a knowledge economy with tax incentives," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 38-56.
    7. Patrick Mellacher, 2021. "Opinion Dynamics with Conflicting Interests," Papers 2111.09408, arXiv.org.

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