Employers have a variety of reasons for attempting to stabilize turnover in their labour force. For example, specific skill requirements, the added costs of training inherent in hiring new workers, and the absolute demand for labour may stimulate firms to minimize labour turnover. One way of reducing turnover is for the individual firm to raise its wage rates. However, depending upon the relative tightness of the local labour market (reflected in the rates of hiring and unemployment), this co...Expand abstract
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- Peer reviewed
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- Pion Ltd.
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- The full-text of this article is not available in ORA. Citation: Clark, G. L. (1981). 'A Hicksian model of local labor market turnover and wage determination', Environment and Planning A, 13(5), 563-574. [Available at http://www.envplan.com/A.html].
A Hicksian model of local labor market turnover and wage determination
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