Search, Hiring Strategies, and Labor Market Intermediaries

Piero Tedeschi, Clive Bull, Oscar Ornati

Research output: Contribution to journalArticlepeer-review

Abstract

Labor market intermediaries play an important role in turnover in many labor markets. This paper analyzes one class of such inter- mediaries, namely, search firms. We first model the hiring decision of the firm in both succession and replacement planning. We show that employers will, in equilibrium, use search firms to find new hires even where the search firms have no technological advantage in search. This can be interpreted as being due to the search firms' ability to diversify away sampling risk.
Original languageEnglish
Pages (from-to)1-17
Number of pages17
JournalJournal of Labor Economics
Volume1987
Publication statusPublished - 1988

Keywords

  • HIRES
  • PROBATION

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