Bull, Clive; Ornati, Oscar; Tedeschi, Piero - In: Journal of Labor Economics 5 (1987) 4, pp. 1-17
Labor-market intermediaries play an important role in turnover in many labor markets. This paper analyzes one class of such intermediaries, namely, search firms. The authors first model the hiring decision of the firm in both succession and replacement planning. They show that employers will, in...