costless informal channel, i.e. referrals. There is a continuum of heterogeneous vacancies in our model where every frm with an …'s size and formal search intensity can also be observed for firms that don't use referrals; (4) Firms that use referrals as a … search channel invest less effort into formal search compared to firms that don't use referrals; (5) Larger firms are less …

The Solow condition is examined in an intertemporal model that blends the shirking and the turnover models of … efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs … are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover …