Turnover, wages, and adverse selection

Charles Carlstrom

Economic Review, 1989, vol. 25, issue Q I, 18-28

Abstract: An argument that adverse selection in the labor market can explain why frequent job-changers have lower average wages and flatter age-earnings profiles than workers who change jobs infrequently. Adverse selection also provides a basis for examining the welfare implications of low-productivity workers in the labor market.

Date: 1989
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Working Paper: Turnover wages and adverse selection (1987)
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