INFORMAZIONI SU QUESTO ARTICOLO

Cita

Figure 1

Wage-tenure profiles and referrer presence.Note: The figure displays point estimations and 95% confidence intervals for two sets of estimations. The first set uses the proxy for contact presence upon entry, while in the other one the same indicator is set to zero if the original contact(s) left the firm by the given month. Both graphs present the parameter of eighteen separate regressions on the logarithm of daily earnings of male workers in the given month, for all odd months of the first three year of the employment spells. Female workers are included in the estimations, with a constant gender difference being assumed. Controlling for fixed effects is achieved by including pre-estimated individual and firm effects from the entry month equation. Additional controls are the same as listed in Table 3. Standard errors used for the confidence intervals are clustered at both firm level and individual level.
Wage-tenure profiles and referrer presence.Note: The figure displays point estimations and 95% confidence intervals for two sets of estimations. The first set uses the proxy for contact presence upon entry, while in the other one the same indicator is set to zero if the original contact(s) left the firm by the given month. Both graphs present the parameter of eighteen separate regressions on the logarithm of daily earnings of male workers in the given month, for all odd months of the first three year of the employment spells. Female workers are included in the estimations, with a constant gender difference being assumed. Controlling for fixed effects is achieved by including pre-estimated individual and firm effects from the entry month equation. Additional controls are the same as listed in Table 3. Standard errors used for the confidence intervals are clustered at both firm level and individual level.

Figure A1

Number of linked workers over time.Note: The figure displays the number of hires with co-worker links present in each calendar month from 2003 until 2011. The subsample used for the estimation is the same as in Table 2.
Number of linked workers over time.Note: The figure displays the number of hires with co-worker links present in each calendar month from 2003 until 2011. The subsample used for the estimation is the same as in Table 2.

Decomposition of co-worker gains by occupations—male results

θ^OLS$\hat{\theta}_{\text {OLS}}$θ^TWFE$\hat{\theta}_{T W F E}$ψ^ind$\hat{\psi}_{i n d}$ψ^firm $\hat{\psi}_{\text {firm }}$ξ^ind$\hat{\xi}_{i n d}$ξ^firm $\hat{\xi}_{\text {firm }}$ω^ind$\hat{\omega}_{\text {ind}}$ω^firm $\hat{\omega}_{\text {firm }}$
Manager−0.0988*** (0.0259)−0.0030 (0.0310)−0.0775*** (0.0211)−0.0183 (0.0142)−0.0699*** (0.0196)0.0226 (0.0241)−0.0076 (0.0092)−0.0409** (0.0127)
SkilledW0.0924*** (0.0274)0.0551* (0.0235)−0.0006 (0.0187)0.0378* (0.0179)−0.0049 (0.0169)0.0094 (0.0250)0.0044 (0.0101)0.0285 (0.0156)
UnskilledW0.0627*** (0.0182)0.0409* (0.0183)0.0167 (0.0134)0.0051 (0.0129)0.0153 (0.0120)−0.0113 (0.0172)0.0013 (0.0076)0.0164 (0.0108)
SkilledB0.0584*** (0.0070)0.0228** (0.0077)0.0217*** (0.0050)0.0140* (0.0055)0.0128** (0.0044)0.0123 (0.0065)0.0089** (0.0034)0.0016 (0.0047)
UnskilledB0.0475*** (0.0081)0.0118 (0.0075)0.0340*** (0.0048)0.0017 (0.0069)0.0326*** (0.0045)0.0161 (0.0085)0.0014 (0.0030)−0.0144* (0.0056)
N964,806501,200964,806964,806943,643571,442964,806964,806
Ni616,386197,435616,386616,386616,365223,021616,386616,386
Nj105,81861,121105,818105,81884,655105,778105,818105,818
R20.3270.8600.1900.2000.4430.6120.0520.086

Decomposition of co-worker gains by gender

θ^OLS $\hat{\boldsymbol{\theta}}_{\text {OLS }}$θ^TWFE$\hat{\theta}_{\text {TWFE}}$ψ^ind$\hat{\psi}_{\text {ind}}$ψ^firm $\hat{\psi}_{\text {firm }}$ξ^ind$\hat{\xi}_{i n d}$ξ^firm$\hat{\xi}_{\text {firm}}$ω^ind$\hat{\omega}_{\text {ind}}$ω^firm$\hat{\omega}_{\text {firm}}$
Male0.0465*** (0.0055)0.0213*** (0.0051)0.0167*** (0.0038)0.0086* (0.0041)0.0125*** (0.0034)0.0118* (0.0049)0.0041 (0.0023)−0.0032 (0.0034)
Female0.0313*** (0.0082)−0.0024 (0.0096)0.0254*** (0.0063)0.0083 (0.0064)0.0265*** (0.0055)0.0148 (0.0080)−0.0010 (0.0038)−0.0065 (0.0057)
N964,806501,200964,806964,806943,643571,441964,806964,806
Ni616,386197,435616,386616,386616,365223,021616,386616,386
Nj105,81861,121105,818105,81884,655105,778105,818105,818
R20.3270.8600.2040.2000.4530.6120.0520.087

Gains from links, second links, and similar workers

θ^OLS${{\hat{\theta }}_{\text{OLS}}}$θ^TWFE${{\hat{\theta }}_{\text{TWFE}}}$ψ^ind${{\hat{\psi }}_{ind}}$ψ^firm${{\hat{\psi }}_{\text{firm}}}$ξ^ind ${{\hat{\xi }}_{\text{ind }}}$ξ^firm ${{\hat{\xi }}_{\text{firm }}}$ω^ind${{\hat{\omega }}_{ind}}$ω^firm${{\hat{\omega }}_{\text{firm}}}$
Linked0.0484*** (0.0056)0.0194*** (0.0055)0.0188*** (0.0038)0.0102* (0.0042)0.0152*** (0.0035)0.0141** (0.0052)0.0036 (0.0023)−0.0039 (0.0035)
Similar0.0131** (0.0050)0.0072 (0.0050)0.0150*** (0.0035)−0.0091* (0.0041)0.0194*** (0.0032)0.0013 (0.0047)−0.0044* (0.0023)−0.0104** (0.0034)
Second0.0489** (0.0157)0.0125 (0.0173)0.0062 (0.0104)0.0302** (0.0111)−0.0074 (0.0098)0.0238 (0.0142)0.0136* (0.0056)0.0064 (0.0091)
N938,791479,919938,791938,791917,835550,362938,791938,791
Ni603,975189,756603,975603,975603,955215,546603,975603,975
Nj105,06160,367105,061105,06184,105105,022105,061105,061
R20.3260.8600.1990.1980.4520.6110.0500.088

Heterogeneity of co-worker gains by relative position of contact

θ^OLS${{\hat{\theta }}_{\text{OLS}}}$θ^TWFE ${{\hat{\theta }}_{\text{TWFE }}}$ψ^ind${{\hat{\psi }}_{ind}}$ψ^firm${{\hat{\psi }}_{\text{firm}}}$ξ^ind${{\hat{\xi }}_{ind}}$ξ^ftrm${{\hat{\xi }}_{\text{ftrm}}}$ω^ind${{\hat{\omega }}_{ind}}$ω^frm${{\hat{\omega }}_{\text{frm}}}$
Superior0.0572*** (0.0110)0.0210* (0.0106)0.0331*** (0.0075)0.0030 (0.0084)0.0444*** (0.0070)−0.0073 (0.0110)−0.0113* (0.0051)0.0104 (0.0069)
Similar0.0463*** (0.0058)0.0163** (0.0058)0.0167*** (0.0040)0.0133** (0.0044)0.0096** (0.0036)0.0177** (0.0055)0.0071** (0.0024)−0.0044 (0.0037)
Inferior−0.0125 (0.0127)−0.0002 (0.0130)−0.0177 (0.0100)0.0054 (0.0083)−0.0142 (0.0088)0.0115 (0.0109)−0.0035 (0.0054)−0.0061 (0.0074)
N964,806501,200964,806964,806943,643571,441964,806964,806
Ni616,386197,435616,386616,386616,365223,021616,386616,386
Nj105,81861,121105,818105,81884,655105,778105,818105,818
R20.3270.8600.2040.2000.4530.6120.0520.087

Decomposition of co-worker gains by occupations

θ^OLS${{\hat{\theta }}_{\text{OLS}}}$θ^TWFE${{\widehat{\mathbf{\theta }}}_{\text{TWFE}}}$ψ^Ind${{\hat{\psi }}_{\text{Ind}}}$ψ^Firm ${{\hat{\psi }}_{\text{Firm }}}$ξ^Ind ${{\hat{\xi }}_{\text{Ind }}}$ξ^Firm ${{\hat{\xi }}_{\text{Firm }}}$ω^Ind${{\hat{\omega }}_{\text{Ind}}}$ω^Firm ${{\hat{\omega }}_{\text{Firm }}}$
Manager−0.0849*** (0.0223)−0.0262 (0.0259)−0.0508** (0.0183)−0.0080 (0.0121)−0.0397* (0.0171)0.0378 (0.0196)−0.0111 (0.0079)−0.0458*** (0.0109)
SkilledW0.1146*** (0.0240)0.0620** (0.0202)0.0046 (0.0158)0.0480** (0.0156)−0.0026 (0.0141)0.0130 (0.0205)0.0072 (0.0088)0.0349* (0.0136)
UnskilledW0.0558*** (0.0126)0.0244 (0.0137)0.0223* (0.0096)0.0091 (0.0089)0.0249** (0.0086)0.0022 (0.0116)−0.0026 (0.0056)0.0069 (0.0076)
SkilledB UnskilledB0.0507*** (0.0060) 0.0349*** (0.0072)0.0159* (0.0068) 0.0079 (0.0070)0.0236*** (0.0044) 0.0287*** (0.0044)0.0112* (0.0049) −0.0017 (0.0063)0.0156*** (0.0038) 0.0278*** (0.0041)0.0132* (0.0058) 0.0117 (0.0076)0.0079** (0.0030) 0.0009 (0.0028)−0.0020 (0.0043) −0.0134** (0.0051)
N964,807501,200964,807964,807943,643571,443964,807964,807
Ni616,386197,435616,386616,386616,365223,022616,386616,386
Nj105,81961,121105,819105,81984,655105,779105,819105,819
R20.3270.8600.2040.2000.4530.6120.0520.087

Co-worker gains and skill requirements

LinkedSkillInteraction
Baseline0.0172*** (0.0046)
Manual Dexterity0.0172*** (0.0047)−0.0449*** (0.0020)−0.0026 (0.0052)
Stamina0.0172*** (0.0047)−0.0445*** (0.0019)−0.0066 (0.0055)
Persistence0.0167*** (0.0046)0.0441*** (0.0014)0.0037 (0.0052)
Stress Tolerance0.0174*** (0.0046)0.0308*** (0.0014)−0.0024 (0.0050)
Analytical Thinking0.0164*** (0.0046)0.0469*** (0.0015)0.0053 (0.0050)
Complex Problem Solving0.0159*** (0.0046)0.0546*** (0.0016)0.0056 (0.0048)
Active Learning0.0167*** (0.0046)0.0528*** (0.0015)0.0016 (0.0052)
Coordination0.0174*** (0.0046)0.0398*** (0.0014)−0.0025 (0.0044
Cooperation0.0171*** (0.0046)0.0203*** (0.0015)−0.0022 (0.0052)
Adaptability/Flexibility0.0170*** (0.0046)0.0329*** (0.0015)0.0026 (0.0050)
Originality0.0163*** (0.0046)0.0436*** (0.0015)0.0066 (0.0052)
Innovation0.0158*** (0.0046)0.0329*** (0.0014)0.0081 (0.0048)
Independence0.0172*** (0.0046)0.0152*** (0.0015)0.0020 (0.0049)

Endogenous and exogenous job mobility

θ^OLS${{\hat{\theta }}_{\text{OLS}}}$θ^TWFE ${{\hat{\theta }}_{\text{TWFE }}}$ψ^ind${{\hat{\psi }}_{ind}}$ψ^ftm${{\hat{\psi }}_{ftm}}$ξ^ind${{\hat{\xi }}_{ind}}$ξ^firm ${{\hat{\xi }}_{\text{firm }}}$ω^ind${{\hat{\omega }}_{\text{ind}}}$ω^firm${{\hat{\omega }}_{\text{firm}}}$
Endog.0.0436*** (0.0058)0.0162** (0.0055)0.0188*** (0.0041)0.0086* (0.0044)0.0161*** (0.0037)0.0071 (0.0054)0.0027 (0.0025)0.0015 (0.0037)
Exog.0.0620*** (0.0119)0.0423*** (0.0117)0.0103 (0.0080)0.0095 (0.0087)−0.0003 (0.0072)0.0366*** (0.0107)0.0106** (0.0041)−0.0272*** (0.0073)
N964,806501,200964,806964,806943,643571,442964,806964,806
Ni616,386197,435616,386616,386616,365223,021616,386616,386
Nj105,81861,121105,818105,81884,655105,778105,818105,818
R20.3270.8600.2030.2000.4530.6120.0520.087

Summary of parameters in our model

ParameterInterpretation
0.θ^OLS$\hat{\theta}_{\text {OLS}}$The wage differential between linked and nonlinked hires, controlling for only observed worker and firm characteristics.
1.θ^TWFE$\hat{\theta}_{\text {TWFE}}$The wage differential between linked and nonlinked hires, controlling for unobserved firm and worker heterogeneity (but not match heterogeneity).
1a.θThe pure ‘presence effects’ of having a potential referrer at the firm.
1b.Bias arising from the possibility that linked workers are better matched with firms (match selection).
2.ψ^ind$\hat{\psi}_{i n d}$The average worker effect differential between linked and nonlinked hires.
2a.ξ^ind$\hat{\xi}_{i n d}$The average worker effect differentials between linked and nonlinked hires within firms.
2b.ω^ind$\hat{\omega}_{i n d}$The average worker effect differential between firms that tend to make linked hires and those that tend to make nonlinked hires.
3.ψ^firm$\hat{\psi}_{\text {firm}}$The average firm effect differential between linked and nonlinked hires.
3a.ξ^firm $\hat{\xi}_{\text {firm }}$The average firm effect differentials between linked and nonlinked hires within worker careers.
3b.ω^firm$\hat{\omega}_{\text {firm}}$The average firm effect differential between workers that tend to be hired with and without links.

Summary statistics: job entrants, freshly acquired jobs, and receiving firms

SubsampleNonlinked subgroupsControl group
LinkedNonlinkedFirst spellW/o small firm experienceControl groupAlways nonlinkedNonlinked and linked
No. of observations20,227944,579135,818147,600661,161645,25315,908
Log of relative daily earnings−0.4700.5800.7450.4680.5710.5720.552
Monthly earnings (HUF)128,511108,05380,897127,616109,264109,245110,046
Age38.032.725.632.334.234.236.2
Elementary education12%11%21%14%9%9%13%
Secondary education63%66%63%65%67%67%64%
Tertiary education25%23%16%22%25%25%24%
Central Hungary32%34%34%29%35%35%34%
Central Transdanubia12%12%10%15%12%12%13%
Western Transdanubia9%10%8%12%10%10%9%
Southern Transdanubia8%7%6%8%8%8%8%
Northern Hungary11%9%8%10%9%9%11%
Northern Great Plain13%11%11%13%11%11%12%
Southern Great Plain12%11%10%10%11%11%11%
Max. number of workplaces5.395.572.584.776.376.357.27
Occupation specific experience70%47%37%59%59%69%
Length of prev. unemployment1.52.22.42.12.21.6
Manager7%3%2%4%4%4%5%
White-collar work6%6%6%8%6%6%5%
Other white-collar work16%19%24%20%18%18%14%
Skilled blue-collar work43%40%38%34%41%41%44%
Unskilled blue-collar work28%31%30%35%30%30%33%
Relative wage level of firm0.9070.8770.8161.0280.8560.8570.815
Sector: Agriculture3%2%3%2%2%2%2%
Sector: Industry41%34%32%38%34%34%36%
Sector: Trade and services56%64%65%60%64%64%62%
Foreign firm18%20%20%27%19%19%16%
Domestic firm82%80%80%73%81%81%84%
Number of employees39.242.944.460.038.839.030.8

Heterogeneity of co-worker gains by link and tie characteristics

θ^OLS${{\hat{\theta }}_{\text{OLS}}}$θ^TWFE${{\widehat{\mathbf{\theta }}}_{\text{TWFE}}}$ψ^ind${{\hat{\psi }}_{\text{ind}}}$ψ^firm${{\hat{\psi }}_{firm}}$ξ^ind${{\hat{\xi }}_{\text{ind}}}$ξ^firm ${{\hat{\xi }}_{\text{firm }}}$ω^ind${{\hat{\omega }}_{ind}}$ω^firm ${{\hat{\omega }}_{\text{firm }}}$
Linked0.0382*** (0.0054)0.0202*** (0.0054)0.0173*** (0.0038)0.0008 (0.0041)0.0142*** (0.0034)−0.0002 (0.0052)0.0031 (0.0023)0.0009 (0.0034)
Seniority0.0020*** (0.0005)−0.0005 (0.0005)0.0012*** (0.0004)0.0013*** (0.0004)0.0013*** (0.0003)0.0009 (0.0005)−0.0001 (0.0002)0.0004 (0.0003)
Since−0.0003 (0.0004)−0.0001 (0.0004)−0.0000 (0.0003)−0.0001 (0.0003)−0.0003 (0.0002)0.0001 (0.0004)0.0002 (0.0002)−0.0002 (0.0002)
Common0.0013*** (0.0003)0.0000 (0.0004)0.0006* (0.0002)0.0007** (0.0002)0.0005* (0.0002)0.0005 (0.0004)0.0001 (0.0001)0.0003 (0.0002)
N964,806501,200964,806964,806943,643571,441964,806964,806
Ni616,386197,435616,386616,386616,365223,021616,386616,386
Nj105,81861,121105,818105,81884,655105,778105,818105,818
R20.3450.8600.2030.2320.4530.6280.0690.059

Decomposition of co-worker gains by occupations - female results

θ^OLS${{\hat{\theta }}_{\text{OLS}}}$θ^TWFE ${{\hat{\theta }}_{\text{TWFE }}}$ψ^ind${{\hat{\psi }}_{ind}}$ψ^firm${{\hat{\psi }}_{\text{firm}}}$ξ^ind${{\hat{\xi }}_{\text{ind}}}$ξ^firm ${{\hat{\xi }}_{\text{firm }}}$ω^ind${{\hat{\omega }}_{ind}}$ω^frm${{\hat{\omega }}_{\text{frm}}}$
Manager−0.0415 (0.0416)−0.0809 (0.0463)0.0168 (0.0345)0.0226 (0.0216)0.0372 (0.0320)0.0804** (0.0289)−0.0204 (0.0141)−0.0579** (0.0198)
SkilledW0.1648*** (0.0425)0.0784 (0.0403)0.0157 (0.0293)0.0706** (0.0253)0.0015 (0.0264)0.0208 (0.0352)0.0142 (0.0152)0.0498* (0.0227)
UnskilledW0.0503** (0.0158)0.0081 (0.0194)0.0296* (0.0128)0.0126 (0.0113)0.0357** (0.0115)0.0150 (0.0157)−0.0061 (0.0074)−0.0024 (0.0098)
SkilledB0.0275* (0.0111)−0.0107 (0.0140)0.0343*** (0.0090)0.0039 (0.0100)0.0298*** (0.0074)0.0170 (0.0124)0.0044 (0.0062)−0.0132 (0.0089)
UnskilledB−0.0097 (0.0140)−0.0116 (0.0190)0.0158 (0.0102)−0.0138 (0.0125)0.0178* (0.0090)−0.0115 (0.0158)−0.0020 (0.0057)−0.0023 (0.0109)
N964,807501,200964,807964,807943,643571,443964,807964,807
Ni616,386197,435616,386616,386616,365223,021616,386616,386
Nj105,81861,121105,818105,81884,655105,778105,818105,818
R20.3270.8600.1900.2000.4430.6120.0520.086