General and Specific Training: Evidence and Implications
In: The journal of human resources, Band 34, Heft 4, S. 710
ISSN: 1548-8004
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In: The journal of human resources, Band 34, Heft 4, S. 710
ISSN: 1548-8004
In: Journal of labor economics: JOLE, Band 16, Heft 1, S. 142-171
ISSN: 1537-5307
In: American economic review, Band 102, Heft 3, S. 575-579
ISSN: 1944-7981
Hires occur for two reasons - to grow a business and to replace those who have left (churn). Churn is an important part of employment dynamics, allowing workers to move to their most productive use. We present evidence on churn from the Job Openings and Labor Turnover Survey (JOLTS). Churn is procyclical. During the 2007-09 recession, four-fifths of hiring reductions are associated with reduced churn, not with reductions in job creation. We estimate that the cost of reduced churn is about two-fifths of a percentage point of GDP annually throughout the three-and-one-half year period since the beginning of the recession.
In: American economic review, Band 99, Heft 2, S. 52-57
ISSN: 1944-7981
In: Journal of labor economics: JOLE, Band 41, Heft S1, S. S61-S93
ISSN: 1537-5307
In: American economic review, Band 89, Heft 2, S. 94-98
ISSN: 1944-7981
In: American economic review, Band 89, Heft 2, S. 34-39
ISSN: 1944-7981
In: Journal of labor economics: JOLE, Band 31, Heft S1, S. S129-S172
ISSN: 1537-5307
In: Journal of labor economics: JOLE, Band 39, Heft 4, S. 825-860
ISSN: 1537-5307