NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Exploration for Human Capital: Evidence from the MBA Labor Market

Camelia M. Kuhnen, Paul Oyer

NBER Working Paper No. 20825
Issued in January 2015
NBER Program(s):   AP   CF   LS

We empirically investigate the effect of uncertainty on corporate hiring. Using novel data from the labor market for MBA graduates, we show that uncertainty regarding how well job candidates fit with a firm’s industry hinders hiring, and that firms value probationary work arrangements that provide the option to learn more about potential full-time employees. The detrimental effect of uncertainty on hiring is more pronounced when firms face greater firing and replacement costs, and when they face less direct competition from other similar firms. These results suggest that firms faced with uncertainty use similar considerations when making hiring decisions as when making decisions regarding investment in physical capital.

You may purchase this paper on-line in .pdf format from SSRN.com ($5) for electronic delivery.

Access to NBER Papers

You are eligible for a free download if you are a subscriber, a corporate associate of the NBER, a journalist, an employee of the U.S. federal government with a ".GOV" domain name, or a resident of nearly any developing country or transition economy.

If you usually get free papers at work/university but do not at home, you can either connect to your work VPN or proxy (if any) or elect to have a link to the paper emailed to your work email address below. The email address must be connected to a subscribing college, university, or other subscribing institution. Gmail and other free email addresses will not have access.

E-mail:

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w20825

Published: Camelia M. Kuhnen & Paul Oyer, 2016. "Exploration for Human Capital: Evidence from the MBA Labor Market," Journal of Labor Economics, University of Chicago Press, vol. 34(S2), pages S000 - S000. citation courtesy of

Users who downloaded this paper also downloaded* these:
Angrist, Autor, Hudson, and Pallais w20800 Leveling Up: Early Results from a Randomized Evaluation of Post-Secondary Aid
Oyer and Schaefer w18620 Firm/Employee Matching: An Industry Study of American Lawyers
Hong, Kueng, and Yang w20845 Estimating Management Practice Complementarity between Decentralization and Performance Pay
Papay, Murnane, and Willett w20802 Income-based Inequality in Educational Outcomes: Learning from State Longitudinal Data Systems
Yang, Kueng, and Hong w20846 Business Strategy and the Management of Firms
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us