Declining Labor Turnover and Turbulence ∗

@inproceedings{Fujita2012DecliningLT,
  title={Declining Labor Turnover and Turbulence ∗},
  author={Shigeru Fujita},
  year={2012}
}
The purpose of this paper is to identify possible sources of the secular decline in the aggregate job separation rate over the last three decades. First, I show that aging of the labor force alone cannot account for the entire decline. To explore other sources, I use a simple labor matching model with two types of workers, experienced and inexperienced… CONTINUE READING