Dube, Arindrajit; Giuliano, Laura; Leonard, Jonathan - 2015
We analyze how quits responded to arbitrary differences in own and peer wages using an unusual feature of a pay raise …) model based on own wages; we find large causal effects of wages on quits, with quit elasticities less than -10. Next, we … accounting for peer effects, quits do not appear to be very sensitive to wages - consistent with the presence of significant …