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…
73 Citations
An empirical test of replacement costs of turnover using human capital corporate panel in Korea
- Business
- 2018
Abstract Scholars have devoted considerable attention to the role of turnover in influencing organizational resource allocation. Because research that addresses employee turnover based on…
ABSTRACT The Structure of Hiring Costs in Germany: Evidence from Firm-Level Data *
- Economics
- 2013
This paper analyzes the structure of hiring costs of skilled workers in Germany. Using detailed and representative firm-level data on recruitment and adaptation costs of new hires, we find that…
The Cyclicality of Wages and Match Quality ∗
- Economics
- 2018
I estimate the cyclicality of real wages for job stayers, hires from employment and from unemployment, using an administrative matched employer-employee dataset from Germany. I find that the wages of…
The Structure of Hiring Costs in Germany: Evidence from Firm‐Level Data
- Economics
- 2016
This paper analyzes the structure of hiring costs of skilled workers in Germany. Using detailed and representative firm-level data on recruitment and adaptation costs of new hires, we find that…
Wage Differentials, Firm Investment, and Stock Returns
- Economics
- 2016
This paper shows whether labor costs affect firm capital investment and stock returns. I estimate wage premium across U.S. industries to find the negative investment-return relation predicted by…
The structure of hiring costs in Germany
- Economics
- 2012
In this paper, we analyze the structure of hiring costs of skilled workers in Germany. Using detailed and representative firm-level data on recruitment and adaptation costs of new hires, we find that…
Insurance between Firms: The Role of Internal Labor Markets
- Economics
- 2016
We investigate how Internal Labor Markets (ILMs) allow organizations to accommodate shocks calling for costly labor adjustments. Using data on workers' mobility within French business groups, we find…
The Costs of Recruiting Apprentices: Evidence from German Firm-Level Data
- Economics, Business
- 2015
In this paper, we use firm-level data to analyse a firm's costs of recruiting apprentices in Germany. We find that recruitment costs amount on average to 600 Euros per hire (approximately one month…
Do Employee-Friendly Firms Invest More Efficiently? Evidence from Labor Investment Efficiency
- EconomicsJournal of Corporate Finance
- 2020
Abstract We investigate the impact of employee treatment on labor investment efficiency. We provide evidence that employee-friendly treatment is significantly associated with lower deviations of…
Hiring Costs of Skilled Workers and the Supply of Firm-Provided Training
- Economics, BusinessSSRN Electronic Journal
- 2012
This article analyses how the costs of hiring skilled workers from the external labour market affect a firm’s supply of training. Using administrative survey data with detailed information on hiring…
References
SHOWING 1-10 OF 20 REFERENCES
The Shape of Hiring and Separation Costs
- EconomicsSSRN Electronic Journal
- 2004
In this article, we estimate the structure of costs of hiring, terminating, and retiring employees in France. We use a representative panel data set of French establishments that contains direct…
LABOR TURNOVER COSTS AND THE CYCLICAL BEHAVIOR OF VACANCIES AND UNEMPLOYMENT
- EconomicsMacroeconomic Dynamics
- 2009
This paper extends the Diamond-Mortensen-Pissarides (DMP) matching model with endogenous job destruction by introducing postmatch labor turnover costs. We consider training and separation costs that…
Do Firms Pay Efficiency Wages? Evidence with Data at the Firm Level
- EconomicsJournal of Labor Economics
- 1993
This study tests the efficiency wage hypothesis by estimating wage and quit equations with data from the Employment Opportunity Pilot Project survey of firms. An efficiency wage model is derived that…
Linear Adjustment Costs and Seasonal Labor Demand: Evidence from Retail Trade Firms
- Economics
- 1993
Standard models of dynamic labor demand rely on the presence of adjustment costs to explain the observed smoothness in employment patterns, although the costs are often difficult to quantify. The…
Internal Labor Markets and Worker Quits
- Economics
- 2004
This article uses establishment-level data to explore the impact of internal labor markets on worker quits. Quits are lower where job ladders are long, pay growth from the bottom to the top of job…
Equilibrium Unemployment as a Worker Discipline Device
- Economics
- 1984
Involuntary unemployment appears to be a persistent feature of many modern labor markets. The presence of such unemployment raises the question of why wages do not fall to clear labor markets. In…