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.

Tedeschi, P., Bull, C., Ornati, O., Search, Hiring Strategies, and Labor Market Intermediaries, <<JOURNAL OF LABOR ECONOMICS>>, 1987; 1987 (4): 1-17 [http://hdl.handle.net/10807/31076]

Search, Hiring Strategies, and Labor Market Intermediaries

Tedeschi, Piero;
1988

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.
1988
Inglese
Tedeschi, P., Bull, C., Ornati, O., Search, Hiring Strategies, and Labor Market Intermediaries, <<JOURNAL OF LABOR ECONOMICS>>, 1987; 1987 (4): 1-17 [http://hdl.handle.net/10807/31076]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/31076
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