Turnover, wages, and adverse selection

An argument that adverse selection in the labor market can explain why frequent job-changers have lower average wages and flatter age-earnings profiles than workers who change jobs infrequently. Adverse selection also provides a basis for examining the welfare implications of low-productivity workers in the labor market.

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Year of publication:	1989
Authors:	Carlstrom, Charles T.
Published in:	Economic Review. - Federal Reserve Bank of Cleveland. - 1989, Q I, v. 25, no. 1, p. 18-28
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Wages \| Labor mobility

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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