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Information asymmetries can prevent markets from operating efficiently. An important example is the labor market, where employers face uncertainty about the productivity of job candidates. We examine theoretically and with laboratory experiments three key questions related to hiring via...
Persistent link: https://www.econbiz.de/10011997078
Information asymmetries can prevent markets from operating efficiently. An important example is the labor market, where employers face uncertainty about the productivity of job candidates. We examine theoretically and with laboratory experiments three key questions related to hiring via...
Persistent link: https://www.econbiz.de/10012001362
Empirical evidence suggests that networks of personal relations are important in the micro dynamics of labor markets: even in modern capitalistic economies a high share of jobs are filled by social referrals. This paper aims at shedding light on an apparent puzzle concerning the relationship...
Persistent link: https://www.econbiz.de/10003210830
The use of social contacts in the labor market is widespread. This paper investigates the impact of personal connections on hiring probabilities and re-employment outcomes of displaced workers in Portugal. We rely on rich matched employer-employee data to define personal connections that arise...
Persistent link: https://www.econbiz.de/10014356317
We study how job-seekers share information about jobs within their social network, and its implications for firms. We randomly increase the amount of competition for a job and find that job-seekers are less likely to share information about the job with their high ability peers. This lowers the...
Persistent link: https://www.econbiz.de/10014495574
The use of social contacts in the labor market is widespread. This paper investigates the impact of personal connections on hiring probabilities and re-employment outcomes of displaced workers in Portugal. We rely on rich matched employer-employee data to define personal connections that arise...
Persistent link: https://www.econbiz.de/10014283914
labor market matching function. In theory, higher mismatch lowers matching efficiency which increases the risk that the …
Persistent link: https://www.econbiz.de/10010401765
The objective of this paper is to model explicitly the possibility to form temporary matching in a model of two-sided search. The agents (workers and employers) differ in their human quality endowment. In a search equilibrium agents form subintervals and are only matched to agents within their...
Persistent link: https://www.econbiz.de/10014146114
Persistent link: https://www.econbiz.de/10010202825
Persistent link: https://www.econbiz.de/10012193661