|Talks|

The network picture of labor flow

Visiting speaker
Past Talk
Eduardo López
Senior Research Fellow in Complexity Science at the CABDyN Centre at Saïd Business School at the University of Oxford
Apr 11, 2016
2:00 pm
Apr 11, 2016
2:00 pm
In-person
4 Thomas More St
London E1W 1YW, UK
The Roux Institute
Room
100 Fore Street
Portland, ME 04101
Network Science Institute
2nd floor
Network Science Institute
11th floor
177 Huntington Ave
Boston, MA 02115
Network Science Institute
2nd floor
Room
58 St Katharine's Way
London E1W 1LP, UK

Talk recording

 In job markets, there is evidence that particular pairs of firms frequently see workers changing jobs between them, while at the same time other firm pairs see little or no worker changes. This observation has led to the introduction of empirically determined Labor-Flow Networks, firm-to-firm networks that act as the substrate for job mobility. In this talk, I present the first model for the dynamics of the workforce in the labor flow network, and adjust it for two countries (Finland and Mexico) where large scale microdata is available for individuals and their employers. I find that the model correctly predicts the steady state of the job market, provides a new way to predict firm-size distributions based on microscopic mechanisms, and inspires a new notion of firm-specific unemployment, a concept that is likely to prove very helpful in understanding the detailed dynamics of the workforce.

About the speaker
Share this page:
Apr 11, 2016