frictions and non-random hiring that is consistent with novel empirical evidence presented. In this framework, undocumented …

equilibrium welfare is improved if unemployed workers increase their search intensity. -- Directed Search ; Recruitment ; Stable …

. This explains the U-shaped referral hiring pattern in the model. The endogenous sorting of workers across channels also …

professional networks. Our model explains a U-shape referral hiring pattern observed in empirical studies and a strong selection of …

-the-job search and replacement hiring into a long-lived jobs framework. The presence of replacement hiring (i) enhances unemployment …

-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 … agency provides the lowest hiring probability, its removal has sizeable consequences, with aggregate employment declining by …