IDEAS home Printed from https://ideas.repec.org/a/oup/qjecon/v102y1987i4p815-833..html
   My bibliography  Save this article

Labor Turnover, Job-Specific Skills, and Efficiency in a Search Model

Author

Listed:
  • Donald R. Deere

Abstract

This paper analyzes the implications for turnover of costly job-specific training. The presence of such costs in a search model implies that turnover decisions reduce the value of potential trades that are available to other market participants. There is too much turnover because of this external effect, and, therefore, too much retraining. When the investment in job training is endogenous, inefficient turnover again occurs, and the investment in specific skills is inefficiently high. The interactions between skill acquisition and turnover imply that it is essentially impossible for a brokerage institution to achieve efficiency.

Suggested Citation

  • Donald R. Deere, 1987. "Labor Turnover, Job-Specific Skills, and Efficiency in a Search Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 102(4), pages 815-833.
    • Handle: RePEc:oup:qjecon:v:102:y:1987:i:4:p:815-833.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1884283
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Garloff Alfred & Kuckulenz Anja, 2006. "Training, Mobility, and Wages: Specific Versus General Human Capital," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 226(1), pages 55-81, February.
    2. Liliane Bonnal & Denis Fougère, 1990. "Les déterminants individuels de la durée du chômage," Économie et Prévision, Programme National Persée, vol. 96(5), pages 45-82.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:qjecon:v:102:y:1987:i:4:p:815-833.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/qje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.