Diffusing Workers in a Multiplex World

Reed-Tsochas, Felix, López, Eduardo, Guerrero, Omar A. and Tong, Catherine (2017) Diffusing Workers in a Multiplex World. Saïd Business School Working Paper.

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Abstract

The study of labor mobility across firms is crucial to understand economic performance, unemployment, skills reallocation and other aspects that shape the economic life of nations. Modeling labor flows between firms has been a challenge due to the complexity arising from the distributed and heterogeneous nature of labor flows. In this paper, we introduce a discrete-time model of labor flowing on a multi-layered network (i.e. a multiplex graph). By introducing multiple layers, the model accounts for different mobility patters (e.g. industries, geographies, occupations, etc.), which is important to understand the reallocation of human capital, skills and knowledge. We apply the model to UK empirical micro-data and find that our measure of regional preferences for low versus high skilled workers vary significantly from a single to a multi-layer representation of the world.

Item Type: Oxford Saïd Research Paper
Subject(s): Complexity
Centre: CABDyN Complexity Centre
Date Deposited: 23 Oct 2018 14:07
Last Modified: 07 Nov 2018 16:06
URI: http://eureka.sbs.ox.ac.uk/id/eprint/7031

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