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A theory based on the demography of top management teams is used to explain membership turnover in two Swedish business …
Persistent link: https://www.econbiz.de/10011946292
We analyse the puzzling behavior of the volatility of individual stock returns around the turn of the Millennium. There has been much academic interest in this topic, but no convincing explanation has arisen. Our goal is to pull together the many competing explanations currently proposed in the...
Persistent link: https://www.econbiz.de/10009437914
Employers have a variety of reasons for attempting to stabilize turnover in their labour force. For example, specific … stimulate firms to minimize labour turnover. One way of reducing turnover is for the individual firm to raise its wage rates … inflation in the United States. Emphasis is placed on Hicks's model of labour turnover which emphasizes the firm's management of …
Persistent link: https://www.econbiz.de/10009441464
The hotel industry utilises the concept of human resource practices system differentiation (HRPSD) by focusing resources on managerial level jobs as a technique of strategic human resource management (SHRM). Despite its use in both practice and the academic literature, research focusing on HRPSD...
Persistent link: https://www.econbiz.de/10009448288
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/10010262407
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/10010262533
The paper uses data from the International Social Surveys Program (ISSP) to investigate work-related stress among a group of 15 OECD countries. It examines the determinants of work-related stress and explores the importance of work-related stress as a predictor of individuals' quitting behaviour...
Persistent link: https://www.econbiz.de/10010262746
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/10010272716
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/10010274098
that these lower returns are due to on-the-job training being more closely related to turnover and more geared toward …
Persistent link: https://www.econbiz.de/10010274594