Declining Worker Turnover: The Role of Short-Duration Employment Spells

Michael Pries () and Richard Rogerson

American Economic Journal: Macroeconomics, 2022, vol. 14, issue 1, 260-300

Abstract: Using the Quarterly Workforce Indicators database, 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 just one or two quarters. This phenomenon is pervasive: short-term employment spells have declined across industries, firm size categories, demographic groups, and geographic regions. Using a search-and-matching model in the Diamond-Mortensen-Pissarides tradition that incorporates noisy signals about the quality of a worker-firm match, we argue that improved screening by workers and firms can account for much of the decline in short-lived employment spells.

JEL-codes: E24 J23 J41 J63 M51 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (9)

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Working Paper: Declining Worker Turnover: the Role of Short Duration Employment Spells (2019)
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DOI: 10.1257/mac.20190230

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