Firm Specific Human Capital Vs. Job Matching: A New Test

13 Pages Posted: 30 Sep 2003

See all articles by John J. Stevens

John J. Stevens

Federal Reserve Board - Division of Research and Statistics

Erwan Quintin

Federal Reserve Bank of Dallas

Date Written: May 22, 2003

Abstract

We use a unique data set on employee turnover by industry in Arizona to test competing theories of turnover. We find that industries with lower establishment survival rates have more employee turnover, even after controlling for differences in the distribution of employee tenure. This result is consistent with a model of turnover where employees choose how much firm specific human capital to accumulate, but it is inconsistent with job matching models.

Keywords: firm survival, employee turnover, firm specific human capital

JEL Classification: J24, J31, J63

Suggested Citation

Stevens, John J. and Quintin, Erwan, Firm Specific Human Capital Vs. Job Matching: A New Test (May 22, 2003). Available at SSRN: https://ssrn.com/abstract=436660 or http://dx.doi.org/10.2139/ssrn.436660

John J. Stevens (Contact Author)

Federal Reserve Board - Division of Research and Statistics ( email )

20th and C Streets, NW
Washington, DC 20551
United States

Erwan Quintin

Federal Reserve Bank of Dallas ( email )

PO Box 655906
Dallas, TX 75265-5906
United States

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