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首页> 外文期刊>The Review of Economic Studies >Applications and Interviews: Firms’ Recruiting Decisions in a Frictional Labour Market
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Applications and Interviews: Firms’ Recruiting Decisions in a Frictional Labour Market

机译：申请和访谈：公司在摩擦劳动力市场中的招聘决策

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摘要

I develop a directed search model to study the recruitment decisions of firms competing for workers who ex post differ in two dimensions: (1) their match productivity and (2) their probability of accepting a job offer, endogenously determined by their choice of application portfolio. To attract these workers, firms post a recruiting intensity and a hiring standard, in addition to terms of trade. A higher recruiting intensity is costly, but allows the firm to select more applicants for an interview, which reveals their productivity. The hiring standard solves the tradeoff between immediate hiring and waiting for a potentially better match in the future. I characterize equilibrium and find that various outcomes, including uniqueness of equilibrium and the cyclicality of recruiting intensity, crucially depend on firms’ recruiting cost and workers’ search cost. Calibration of the model to the U.S. labour market indicates a continuum of equilibria. Given selection of a particular equilibrium, hiring standards are countercyclical while recruiting intensity is procyclical. The calibrated model creates more amplification than a standard model without intensive margins and gives rise to procyclical match efficiency when viewed through the lens of a Cobb–Douglas matching function.
机译：我开发了一个定向的搜索模型，研究了竞争前任的工人的公司的招聘决定：（1）他们的匹配生产力和（2）他们接受工作要约的可能性，通过他们选择的应用程序组合来内容地确定。为了吸引这些工人，除了贸易条款之外，还将招聘强度和招聘标准。更高的招聘强度是昂贵的，但允许公司选择更多申请人进行采访，揭示了他们的生产力。招聘标准解决了立即招聘和等待未来潜在更好的比赛之间的权衡。我的表征均衡，发现各种结果，包括唯一性平衡和招募强度的周期性，这是至关重要的，这取决于公司的招聘成本和工人的搜索成本。校准模型到美国劳工市场表明了均衡的连续性。考虑到特定均衡的选择，招聘标准是反周期性的，同时招募强度是对逆转的。校准模型比标准模型产生更多的放大，无需密集的边缘，并且在通过COBB-DOGGLAS匹配功能的镜头观察时会产生Proclicclical匹配效率。

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