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UID:a4ab2ade07114f8ed297e5afe26b4486
CATEGORIES:Seminars
CREATED:20150210T192540
SUMMARY:Catherine Thomas - London School of Economics
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p style="text-align: justify;"><strong>Landing the First Job: The Value of
  Intermediaries in Online Hiring</strong></p><p style="text-align: justify;
 ">Abstract:</p><p style="text-align: justify;">Online markets for remote la
 bor services allow workers and firms to contract with each other directly. 
 Despite this, intermediaries have emerged in these markets. This paper show
 s that intermediaries signal to employers that inexperienced workers affili
 ated with an intermediary are high quality workers. These intermediaries, c
 alled outsourcing agencies, are most prevalent when information about new w
 orker quality is relatively valuable—for workers with skills that are hard 
 for employers to assess and for workers located overseas. Workers affiliate
 d with an agency have substantially higher job-finding probabilities and wa
 ges at the beginning of their careers, but this advantage is much reduced i
 f non-affiliated workers receive good public feedback after a successful jo
 b. The results indicate that intermediaries are an endogenous response to a
  market inefficiency where too few inexperienced workers are hired because 
 firms do not capture the full benefits of on-the-job talent discovery.</p>
DTSTAMP:20260406T002312Z
DTSTART:20140918T173000Z
DTEND:20140918T190000Z
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