Are Small Firms Labor Constrained? Experimental Evidence from Ghana
通过在加纳随机安排失业青年到小企业当学徒(无现金补贴),发现企业规模平均增加约半个工人,利润提高约10%,表明存在招聘新手的摩擦。
We report the results of a field experiment that randomly placed unemployed young people as apprentices with small firms in Ghana and included no cash subsidy to firms (or workers) beyond in-kind recruitment services. Treated firms experienced increases in firm size of approximately half a worker and firm profits of approximately 10 percent for each apprentice placement offered, documenting frictions to novice hiring. We interpret the program as providing a novel worker screening technology to firms, as (voluntary) worker participation included nonmonetary application costs, echoing the widespread use of an entrance fee mechanism for hiring apprentices in the existing labor market.