Information Networks and Worker Recruitment

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1691

Title:	Information Networks and Worker Recruitment
Keywords:	Labor Markets Information Networks Worker Recruitment Indirect reciprocity Experiments
Description:	This paper studies experimentally how the existence of social information networks affects the ways in which firms recruit new personnel. Through such networks firms learn about prospective employees' performance in previous jobs. Assuming individualistic preferences social networks are predicted not to affect overall labor market behavior, while with social preferences the prediction is that when bilaterally negotiated: (i) wages will be higher and (ii) that workers in jobs with incomplete contracts will respond with higher effort. Our experimental results are consistent with the social preferences view, both for the case of excess demand and excess supply of labor. In particular, the presence of information networks leads to more efficient allocations. Financial support by the Spanish Ministerio de Educación y Ciencia and the Barcelona Economics Program of CREA is gratefully acknowledged.
URI:	http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1691
Other Identifiers:	http://hdl.handle.net/10261/1691
Appears in Collections:	Digital Csic

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