External recruitment has often been viewed as a necessary evil in that it trades off the need for outside talent with … incentives of inside workers. This paper, however, shows that even from an incentive viewpoint, external recruitment has its … sabotage are a valuable instrument to compete. This results in inefficiency of the workers' efforts. External recruitment, by …

External recruitment has often been viewed as a necessary evil in that it trades off the need for outside talent with … incentives of inside workers. This paper, however, shows that even from an incentive viewpoint, external recruitment has its … sabotage are a valuable instrument to compete. This results in inefficiency of the workers' efforts. External recruitment, by …

, the productivity effects of worker replacement in young firms. Worker replacement isolates labor turnover due to employee … replacement as a separate category of turnover and has been shown to positively affect the productivity of established firms in … effects on young firms' productivity that remain even when controlling for moderating factors. These effects are even more …

We propose a theory of firm production that requires diverse inputs. We show that in a competitive labor market, firms … differ in their skill composition. Organizations with higher Total Factor Productivity (TFP) are larger and hire from a … productivity using our model shows that a CES production function generates unbiased estimates of TFP but biased estimates of …