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Working Paper

Turnover Wages and Adverse Selection

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An explanation of the observed relationships between voluntary job turnover and wages over a worker’s lifetime, using a model featuring adverse selection.
12.01.1987ISSN 2573-7953 WP 87-17

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

Suggested Citation

Carlstrom, Charles T. 1987. “Turnover Wages and Adverse Selection.” Federal Reserve Bank of Cleveland, Working Paper No. 87-17.