TY  - BOOK
AU  - DeVaro,Jed
AU  - Morita Hodaka
TI  - Internal promotion and external recruitment: A theoretical and empirical analysis
SN  - 0734306X
AV  - HD5706 JOU 
PY  - 2013///
CY  - Chicago
PB  - University of Chicago Press
KW  - Recruitment
KW  - Internal labour market
KW  - Labour productivity
N2  - We present a theoretical and empirical analysis of internal promotion versus external recruitment, using a job-assignment model involving competing firms with heterogeneous productivities and two-level job hierarchies with one managerial position. The model predicts that, controlling for the number of managers, increasing the number of lower-level workers is associated with (1) greater internal promotion as opposed to external recruitment, (2) higher profit, and (3) more general training. Empirical analysis of a large cross section of British employers is consistent with these predictions
UR  - https://doi.org/10.1086/667814
ER  -