• Corpus ID: 9117985

Employee Replacement Costs

@inproceedings{Dub2010EmployeeRC,
  title={Employee Replacement Costs},
  author={Arindrajit Dub{\'e} and Eric Freeman and Michael R. Reich},
  year={2010}
}
We investigate properties of employee replacement costs, using a panel survey of California businesses in 2003 and 2008. We establish that replacement costs are substantial relative to annual wages and that they are associated negatively with the use of seniority in promotion. We also find some evidence, albeit not under all specifications, that replacement costs are positively associated with establishment size, which is consistent with monopsony. Bivariate scatterplots, pooled regressions and… 

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