FORMAL SEARCH AND REFERRALS FROM A FIRM'S PERSPECTIVE

• 成果类型: Article
• 署名作者: Rebien, Martina; Stops, Michael; Zaharieva, Anna
• 署名单位: University of Bielefeld
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12477
• 发表日期: 2020
• 页码: 1679-1748
• 关键词: labor-market outcomes; job search; social networks; match quality; contacts; EMPLOYMENT; wage; RECRUITMENT; equilibrium; INEQUALITY

摘要

We explore the relationship between firms' characteristics and recruitment strategies. We present a theoretical search model with two search channels: a costly formal channel and a costless informal channel (referrals). We empirically test the model predictions and find that: larger firms search more formally; firms search more formally for high-skilled workers; the positive relationship between firm's size and formal search intensity also holds for firms not using referrals; firms using referrals invest less into formal search compared to firms not using referrals; larger firms hire less often by referrals than smaller firms; and larger search effort leads to more applicants.