Declining Worker Turnover: the Role of Short Duration Employment Spells / Michael J. Pries, Richard Rogerson.

Format:

Book

Author/Creator:

Pries, Michael J.

Contributor:

National Bureau of Economic Research.

Rogerson, Richard.

Series:

Working Paper Series (National Bureau of Economic Research) no. w26019.

NBER working paper series no. w26019

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Declining Worker Turnover

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2019.

Summary:

Using the Quarterly Workforce Indicators, we document that a significant amount of the decline in labor market turnover during the last two decades is accounted for by the decline in employment spells that last less than a quarter. Using a search and matching model that incorporates noisy signals about the quality of a worker-firm match, we show that improved candidate screening by firms can account for the decline in short-lived employment spells. Quantitative exercises show that this explanation can account for the observed changes in various labor market outcomes, whereas alternative potential explanations, such as increased hiring costs, cannot.

Notes:

Print version record

June 2019.