Interrelated Quits: An Empirical Analysis of the Utility Maximizing Mobility Hypothesis
通过理论模型和实证分析,证明离职的初始情况会影响后续自愿离职的概率,发现仅通过在职搜寻找到新工作的工人更少再次离职,为效用最大化流动性假说提供了间接证据。
This paper demonstrates how the circumstances of quitting a previous job affect the probability of a later voluntary job change. The theoretical section describes a model of expected-utility-maximizing job search and mobility. Although the inability to observe utilities associated with specific jobs precludes a direct test of the utility maximizing mobility hypothesis, a testable implication is derived in the context of a simple job search model. Utility maximization implies that workers who rely exclusively on employed search to find a new job are less likely to quit again. This theoretical implication is confirmed by the parameter estimates. Copyright 1988 by MIT Press.