Markets vs Networks in Firms' Hiring Decisions

Manolis Galenianos

No 1172, 2011 Meeting Papers from Society for Economic Dynamics

Abstract: This paper introduces an equilibrium model with firms that are heterogeneous in their productivity and analyzes their incentives for hiring through referrals or through the market. This analysis is motivated by the observation that referrals account for a larger share of hires at firms that are smaller and less productive. A model that allows firms to choose their intensity of hiring according to each channel seems crucial to interpret this fact.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed011:1172

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