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UID:a4ab2ade07114f8ed297e5afe26b4486
CATEGORIES:Seminars
CREATED:20150210T192540
SUMMARY:Catherine Thomas - London School of Economics
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Landing the First Job: The Value of Intermediaries in Online Hiring\nAbstra
 ct:\nOnline markets for remote labor services allow workers and firms to co
 ntract with each other directly. Despite this, intermediaries have emerged 
 in these markets. This paper shows that intermediaries signal to employers 
 that inexperienced workers affiliated with an intermediary are high quality
  workers. These intermediaries, called outsourcing agencies, are most preva
 lent when information about new worker quality is relatively valuable—for w
 orkers with skills that are hard for employers to assess and for workers lo
 cated overseas. Workers affiliated with an agency have substantially higher
  job-finding probabilities and wages at the beginning of their careers, but
  this advantage is much reduced if non-affiliated workers receive good publ
 ic feedback after a successful job. The results indicate that intermediarie
 s are an endogenous response to a market inefficiency where too few inexper
 ienced workers are hired because firms do not capture the full benefits of 
 on-the-job talent discovery.\n
DTSTAMP:20260406T002616Z
DTSTART:20140918T173000Z
DTEND:20140918T190000Z
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