Hiring Risky Workers: Some Evidence

Simon Burgess (), Julia Lane and David Stevens

Journal of Economics & Management Strategy, 1998, vol. 7, issue 4, 669-676

Abstract: Lazear recently suggested that firms that do not expect to live for a long time will hire only safe workers. Hence their worker turnover will be lower. In this paper we test this hypothesis using both the industry growth rate and industry‐average age of establishments as measures of the horizon for a particular firm. We find mixed results, both at the industry level and at the establishment level. Establishments in growing industries do indeed exhibit higher churning flows, but a high average age of establishments reduces rather than increases churning.

Date: 1998
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https://doi.org/10.1111/j.1430-9134.1998.00669.x

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