Siebert, W. Stanley; Zubanov, Nikolay; Chevalier, Arnaud; … - Institute for the Study of Labor (IZA) - 2006
We study the impact of labour turnover on labour productivity using a panel dataset of 347 shops belonging to a large … observe an inverted U-shape effect of labour turnover on productivity. The productivity-maximizing rates of FTE-adjusted quits … and hires are each about 20% per year, improving productivity by 2.5% compared to the zero turnover level. We explain the …