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| Author: | Burgess, S. Nickell, S. |
| Title: | Labour turnover in UK manufacturing |
| Journal: | Economica
1990 : AUG, VOL. 57:227, p.295-318 |
| Index terms: | LABOUR TURNOVER MANUFACTURING UNITED KINGDOM LABOUR MARKETS LAY-OFFS |
| Language: | eng |
| Abstract: | A model of quits is constructed and combined with a labour demand function to produce a model of layoffs. These are combined to provide an explanation of separations. The main feature of this is the explicit incorporation of the interaction between quits and layoffs. A linear approximation and a structural form are estimated on UK manufacturing data for 1965-82. It was found that separations are dominated by quits. Quits move pro-cyclically and are strongly influenced by the degree of tightness of the labour market. Furthermore, those factors that lead to a decline in the manufacturing labour force will increase layoffs but will reduce quits in the long run. |
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