Recent Views
In the early 1990s, American social economist James D. Montgomery contributed to economic theories of network structures in labor market. In 1991, Montgomery incorporated network structures in an adverse selection model to analyze the effects of social networks on labor market outcomes. In 1992, Montgomery explored the role of “weak ties”, which he defined as non-frequent and transitory social relations, in labor market. He demonstrates that weak ties are positively related to higher wages and higher aggregate employment rates.
Read more about this topic: Interpersonal Ties
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