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A Hicksian model of local labor market turnover and wage determination

Abstract:

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...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1068/a130563

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Institution:
University of Oxford
Research group:
Transformations: Economy, Society and Place
Oxford college:
St Peter's College
Department:
Social Sciences Division - Environment,Centre for the - Geography,School of
Role:
Author
Publisher:
Pion Ltd. Publisher's website
Journal:
Environment and Planning A Journal website
Volume:
13
Issue:
5
Pages:
563–574
Publication date:
1981-01-01
DOI:
EISSN:
1472-3409
ISSN:
0308-518X
URN:
uuid:9c76b869-e10e-4dc9-88dd-ddbc440011b3
Local pid:
ora:1960

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