General Productivity Growth in a Theory of Quits and Layoffs
构建了一个基于效率匹配的辞职与解雇模型，用一般生产率增长差异解释辞职与解雇在生命周期、商业周期及不同人口群体中的规律，并指出基于工资刚性的传统方法无法解释这些规律。
An efficient matching model of quits and layoffs is developed to account for several empirical regularities. Differences between quits and layoffs over the life and business cycles and across demographic groups are generated by differential rates of general productivity growth. The standard approach to quits and layoffs, based on wage rigidity, is shown to be incapable of accounting for many of the empirical regularities. Although a formal test rejects a structural prediction of the efficient turnover model, the specification does well in predicting both the level of, and time-series variation in, the fraction of separations labeled quits. Copyright 1990 by University of Chicago Press.