• 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… 

An empirical test of replacement costs of turnover using human capital corporate panel in Korea

Abstract Scholars have devoted considerable attention to the role of turnover in influencing organizational resource allocation. Because research that addresses employee turnover based on

Ten Facts You Need to Know About Hiring

We provide new empirical evidence regarding the magnitude and the determinants of a firm's costs required to fill a vacancy. The average costs required to fill a vacancy for a skilled worker in

ABSTRACT The Structure of Hiring Costs in Germany: Evidence from Firm-Level Data *

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 ∗

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

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

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

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

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

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

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
...

References

SHOWING 1-10 OF 21 REFERENCES

The Costs of Hiring and Separations

The Shape of Hiring and Separation Costs

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

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

The Costs of Hiring Skilled Workers

The shape of hiring and separation costs in France

Linear Adjustment Costs and Seasonal Labor Demand: Evidence from Retail Trade Firms

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

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

More on Unemployment and Vacancy Fluctuations

Equilibrium Unemployment as a Worker Discipline Device

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

A Generalised Model of Monopsony

Recent research in labour economics (e.g. the work of Card and Krueger, 1995, on the impact of minimum wages) has led to renewed interest in the appropriate model to use when thinking about the