Churning and labor productivity in economic crisis, differences between foreign and domestic firms

Kuupäev

2021

Ajakirja pealkiri

Ajakirja ISSN

Köite pealkiri

Kirjastaja

Abstrakt

Our analysis of matched employee-employer data from Estonian firms (years 2006–2013) shows that an increase in labor churning is related to a positive change in labor productivity during an economic crisis. During boom years, churning is related to a negative change in labor productivity. Only in services during the crisis did foreign firms have a stronger positive relationship between labor churning and labor productivity changes than domestic firms. However, our analysis at the individual level does not confirm that, during a crisis, foreign firms in services hire more employees with characteristics that have been found to be related to productivity increases.

Kirjeldus

Märksõnad

labor productivity, labor churning, economic recession/crisis, Estonia

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