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Declining Worker Turnover: the Role of Short Duration Employment Spells

Michael Pries (mpries@nd.edu) and Richard Rogerson

No 26019, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: E24 J23 (search for similar items in EconPapers)
Date: 2019-06
New Economics Papers: this item is included in nep-dge, nep-lma, nep-mac and nep-ore
Note: EFG
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Published as Michael J. Pries & Richard Rogerson, 2022. "Declining Worker Turnover: The Role of Short-Duration Employment Spells," American Economic Journal: Macroeconomics, vol 14(1), pages 260-300.

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