Combining microeconomic evidence with macroeconomic theory, the authors present an integrated approach to wage and employment determination in an economy where firms pay above market "efficiency wages" to prevent trained workers from quitting. The model offers predictions about the behavior of formal employment, labor turnover, and segmentation in response to formal sector productivity shocks (including economic growth and tax reductions), changes...
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INFORMATION
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1999/02/28
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Document de travail de recherche sur les politiques
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WPS2068
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1
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1
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2010/07/01
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Quitting and labor turnover : microeconomic evidence and macroeconomic consequences
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econometric analysis of panel data
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