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

• 成果类型: Article
• 署名作者: Pries, Michael J.; Rogerson, Richard
• 署名单位: University of Notre Dame; Princeton University; National Bureau of Economic Research
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MACROECONOMICS
• ISSN/ISSBN: 1945-7707
• DOI: 10.1257/mac.20190230
• 发表日期: 2022
• 页码: 260-300
• 关键词: cyclical behavior; VACANCIES

摘要

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-MortensenPissarides 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.