Please use this identifier to cite or link to this item: http://hdl.handle.net/2381/4441
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dc.contributor.authorGarino, Gaia-
dc.contributor.authorMartin, Christopher-
dc.date.accessioned2009-05-08T14:44:25Z-
dc.date.available2009-05-08T14:44:25Z-
dc.date.issued2007-05-
dc.identifier.urihttp://www.le.ac.uk/economics/research/RePEc/lec/leecon/dp05-10.pdfen_GB
dc.identifier.urihttp://hdl.handle.net/2381/4441-
dc.description.abstractWe analyse the impact of labour turnover on profits. We extend the efficiency wage model of Salop (1979) by separating incumbent and newly hired workers in the production function. We show that an exogenous increase in the turnover rate can increase profits, but only where firms do not choose the wage. This effect of turnover varies across firms as it depends on turnover costs, the substitutability of incumbents and new hires and other factors. We test our model on UK cross-sectional establishment-level data. We find that our predictions are consistent with the data.en_GB
dc.language.isoenen_GB
dc.publisherDept. of Economics, University of Leicesteren_GB
dc.relation.ispartofseriesDiscussion Papers in Economicsen_GB
dc.relation.ispartofseries05/10en_GB
dc.subjectLabour Turnoveren_GB
dc.subjectTurnover Costsen_GB
dc.subjectOptimal Turnoveren_GB
dc.titleThe Impact of Labour Turnover: Theory and Evidence from UK Micro-Dataen_GB
dc.typeReporten_GB
Appears in Collections:Reports, Dept. of Economics

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