| Author: | Janssen, M.C.W. |
| Title: | Catching hipos: Screening, wages, and competing for a job |
| Journal: | Oxford Economic Papers
2002 : APR, VOL. 54:2, p. 321-333 |
| Index terms: | Human resource management Planning Recruitment Competition Pay Economic theory |
| Language: | eng |
| Abstract: | This paper studies the wage a firm sets to attract high ability workers (hipos) in situations where people compete for a job. It shows that the more people compete, the larger a firm's incentives to sort high and low ability workers. Moreover, workers will signal their (high) ability in situations with many competitors only if a job offers a high enough wage. The main result, therefore, is that a firm sets higher wages, when more people compete. |
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