productivity-wage gap. We connect these trends by building a model where firms post long-lived vacancies and engage in on … and the wedge between hiring and meeting rates. All three channels lower wages while raising productivity. Quantitatively …, increased replacement hiring explains half the increase in the productivity-wage gap. The socially efficient outcome features …

Germany reporting information about their most recent recruitment case. Based on the finding that firm size and productivity …This study explores the relationship between firms' characteristics and their recruitment strategies. We propose a … productivity of the firm and, contrary to the previous literature, workers send simultaneous applications to open vacancies. We …