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    Ineffectiveness of Social Contacts and Alternate Job Search Methods for Unemployed Youth in Sri Lanka (Working Paper)

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    Ineffectiveness of Social Contacts and Alternate Job Search Methods for Unemployed Youth in Sri Lanka (424.2Kb)
    Date
    2020-06
    Author
    Perera, Mihindu
    Series
    Verité Research Working Paper Series; June 2020/01
    Metadata
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    Abstract
    Sri Lankan youth due to an extended period of unemployment face a lower possibility in future employment and a reduced earning capacity. As a solution, this paper aims to identify an efficient search method. Emphasis is placed on social contacts, given its popularity as a search method. Social contacts prove inefficient- leading to a 10.0% reduction in unemployment duration with a wage discount of 7.1%. Also, social contacts create a form of stickiness that increases dependency on social contacts and a reluctance to choose other, more efficient search methods in the future. The popularity, inefficiency and stickiness of social contacts are speculated as the probable cause for a large pool of youth to be unemployed over an extended period. As an alternative to social contacts, internet job search proves to be a more efficient search method reducing unemployment duration by 21.6% with a wage premium of 14.3%.
    Note
    Description
    22p.
    URI
    http://archive.veriteresearch.org/xmlui/handle/123456789/4170
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