Retention of skilled workers is essential for labour-intensive organisations like hospitals, where an excessive turnover of doctors and nurses can reduce the quality and quantity of services to patients. In the public sector, where salaries are often not negotiable at individual level, workers...

The shift from an industrial economy to a knowledge and service economy over the last four decades has ignited a debate about what skills are now the most critical. The European Commission has placed skills development at the heart of its economic policies, as it believes that skill mismatches...

We estimate how exogenous worker exits affect firms' demand for incumbent workers and new hires. Drawing on administrative data from Germany, we analyze 34,000 unexpected worker deaths, which, on average, raise the remaining workers' wages and retention probabilities. The average effect masks...