The Signal of Applying for a Job Under a Vacancy Referral Scheme
通过实验发现，人力资源专业人士认为通过空缺职位推荐计划申请的求职者比直接申请的求职者动力更弱，导致其被录用的概率显著降低。
We investigate the signalling effect related to participation in active labor‐market programs. To this end, we conduct an experiment in which human resources professionals make hiring decisions concerning fictitious job candidates who apply either under a job‐vacancy referral system or directly. We provide first causal evidence for a substantial adverse effect of referral on the probability of being hired. In addition, we find that employers perceive referred candidates as being less motivated than other candidates.