External Recruitment as an Incentive Device

A-Tier
Journal: Journal of Labor Economics
Year: 2005
Volume: 23
Issue: 2
Pages: 259-278

Score contribution per author:

4.036 = (α=2.02 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

External recruitment is often believed to be harmful in that it trades off the need for outside talents with the incentives of inside workers. This article shows that, even from an incentive viewpoint, external recruitment has its powerful function. Specifically, if promotion is based on relative performance, then negative activities (sabotages) are a valuable instrument for competition. This results in inefficiency of the firm. External recruitment, by reducing the marginal return of negative effort relative to that of productive effort, restores the incentives in productive activity. Even without sabotage concern, external recruitment can avoid shirking equilibrium or prevent workers' collusion.

Technical Details

RePEc Handle
repec:ucp:jlabec:v:23:y:2005:i:2:p:259-278
Journal Field
Labor
Author Count
1
Added to Database
2026-01-25