Carrillo-Tudela, Carlos; Kaas, Leo; Lochner, Benjamin - 2023
employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …-sided heterogeneity, multiple search channels and endogenous recruitment effort. The estimation reveals that networks are the most cost … channel, facilitate hiring workers of higher ability, and matter most for worker-firm sorting. Although the public employment …