Worker turnover, industry localization, and producer size

Christopher Wheeler ()

No 2004-021, Working Papers from Federal Reserve Bank of St. Louis

Abstract: Empirically, large employers have been shown to devote greater resources to filling vacancies than small employers. Following this evidence, this paper offers a theory of producer size based on labor market search, whereby a key factor in the determination of producer's total employment is the ease with which workers can be found to fill jobs that are, periodically, vacated. Since the geographic localization of industry has long been conjectured to facilitate the search process, the model provides an explanation for the observed positive association between average producer size and the magnitude of an industry's presence within local labor markets.

Keywords: Regional economics; Labor market (search for similar items in EconPapers)
Date: 2004
New Economics Papers: this item is included in nep-bec, nep-geo and nep-ure
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Journal Article: Worker turnover, industry localization, and producer size (2008)
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