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encourages labor turnover. The combination of these two facts suggests that the labor market provides less training than optimal …
Persistent link: https://www.econbiz.de/10011451049
The Solow condition is examined in an intertemporal model that blends the shirking and the turnover models of … efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs … are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover …
Persistent link: https://www.econbiz.de/10011529959
This paper analyzes the impact of formal training on worker mobility. Using data from the Swiss Labor Force Survey, we find that on-the-job search activities and, to a smaller extent, actual job separations are significantly affected by both employer-provided and general training. Moreover,...
Persistent link: https://www.econbiz.de/10011325981
This paper investigates differences in worker turnover characteristics between periods of workforce expansion and … in turnover behavior. A generally important result is that smooth functional forms of the age effect on worker mobility …
Persistent link: https://www.econbiz.de/10011339097
We construct a general dynamic structural model of two-sided learning between a firm and its workers. We estimate an empirical version of the model using personnel data from Fokker Aircraft that cover the path of layoffs and quits through its bankruptcy. We find that the firm learns about its...
Persistent link: https://www.econbiz.de/10011402333
We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others' trained employees and finally engage in imperfect product market...
Persistent link: https://www.econbiz.de/10011402873
relationship, including turnover, learning, matching, and hold up. It also considers labor market pooling from the perspective of … both workers and firms and across a range of industries. The paper reports a general positive relationship of turnover to …
Persistent link: https://www.econbiz.de/10011515046