On the Job Screening, up or out Rules, and Firm Growth.

This paper uses on-the-job screening to derive a stochastic and dynamic model of hiring, promotion, and dismissal policies, and their impact on total firm employment and output. The model provides an explanation of the up-or-out rule observed in many organizations. It also provides an explanation for a cost-of-adjustment mechanism for the stock of human capital in a firm.

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Year of publication:	1992
Authors:	O'Flaherty, Brendan ; Siow, Aloysius
Published in:	Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 25.1992, 2, p. 346-68
Publisher:	Canadian Economics Association - CEA

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Extent:	text/html
Type of publication:	Article
Notes:	Published
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005770485