Year of Graduation
The Use of Social Capital in Employment of University Graduates
This graduate work explores the concepts of social capital, its formation and impact on job search process. The literature of foreign and domestic authors devoted to the effects of social ties in labor market is analyzed. The contribution of social capital to employment is viewed from various social and economic sides, its positive and negative qualities are affected. According to conducted studies, the economic effects of social capital are associated with a reduction in the time for job search and general unemployment, expansion of potential vacancies, growth of wages and reduction of uncertainty in the labor market. At the same time, there are negative consequences of use of social ties in the labor market, in particular, the decline in labor productivity. In addition, econometric analysis of students' social networks was conducted, factors of their formation were found, as well as provided evidence of the influence of social capital on the process of employment of graduates of universities. The study involved students of the 1st and 4th courses of the Higher School of Economics, as well as first-year masters’ students.