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- Title
A korábbi munkatársak bérekre gyakorolt hatása.
- Authors
ISTVÁN, BOZA; VIRÁG, ILYÉS
- Abstract
The paper's main aim is to measure whether previous co-working relationships have an effect on starting wages and tenure after they find a new job - according to channels described in referral theory. The empirical part of the analysis rests on administrative panel data that covers half the Hungarian population's monthly labour data for 2003-2011. The paper's main contribution is to show that positive effects of referral on both wages and tenure lengths exist and that their main source is the differences in unobservable factors among referred applicants and the control group. It is shown how a person can make a 2.5% gain in wages relative to that person and to counterparts, through being referred to a job, and that this advantage persists for about three years. Such peer effects are greater when the referee and the applicant are closer in occupational rank, with the former having a better occupation.
- Publication
Economic Review / Kozgazdasagi Szemle, 2018, Vol 65, p726
- ISSN
0023-4346
- Publication type
Article
- DOI
10.18414/KSZ.2018.7-8.726