Labor Turnover
| Hiring Rate | Separation Rate | |||
|---|---|---|---|---|
| (1) | (2) | (3) | (4) | |
| Bonus–promotion | −0.225 | −0.205 | 0.080 | 0.095 |
| (0.155) | (0.156) | (0.158) | (0.163) | |
| Monitoring–targeting | −0.068 | −0.055 | 0.030 | 0.041 |
| (0.079) | (0.081) | (0.065) | (0.064) | |
| Displacement | −0.040* | −0.033 | 0.043 | 0.042 |
| (0.022) | (0.023) | (0.027) | (0.027) | |
| Ln(Cost of intermediate inputs) | 0.008 | −0.008 | ||
| (0.008) | (0.006) | |||
| Ln(shipment) | −0.002 | −0.017** | ||
| (0.008) | (0.009) | |||
| Observations | 398 | 401 | 398 | 401 |
| Mean dep. var. | 0.110 | 0.111 | 0.101 | 0.102 |
Notes: This table uses the sample of the Survey of Employment Trends (2010, 2011, 2014, 2015) in the balanced panel of establishments that are matched to the JP-MOPS for at least one year in each period of 2010–2011 and 2014–2015 and have nonmissing observations for the establishment’s total cost of inputs. All regressions control for year fixed effects, establishment fixed effects, and either the log of intermediate input cost or the log of the shipment value of the year. “Hiring rate” is the number of full-time workers hired during the year divided by the number of full-time workers at the beginning of the year. “Separation rate” is the number of full-time workers that left their jobs during the year divided by the number of full-time workers at the beginning of the year. Standard errors are clustered at the level of the establishment and are reported in parentheses.