The Effect of Pay and Retention Bonuses on Quit Rates in the U.S. Army

ILR Review ◽  
1988 ◽  
Vol 41 (3) ◽  
pp. 430-438 ◽  
Author(s):  
Hyder Lakhani
Keyword(s):  
Labor Market ◽  
Least Squares ◽  
Quit Rate ◽  
General Skills ◽  
Three Stage Least Squares ◽  
The U.S ◽  
Combat Soldiers

This paper investigates the effects of pay and reenlistment bonuses on quit rates in the U.S. Army. A three stage least squares analysis of 1981 data shows that quit rates were negatively related to pay level and, even more so, to the size of the bonus offered. The effects on the quit rate were significantly greater, however, for soldiers in combat occupations than for those in noncombat occupations. The author speculates that the skills learned by combat soldiers are less marketable in the civilian labor market than the more general skills acquired by noncombat soldiers; he thus urges higher bonuses in noncombat occupations.

scholarly journals Assessing Time-Varying Oligopoly and Oligopsony Power in the U.S. Paper Industry

2008 ◽  
Vol 40 (3) ◽  
pp. 927-939 ◽  
Author(s):  
Bin Mei ◽  
Changyou Sun
Keyword(s):  
Industrial Organization ◽  
Least Squares ◽  
Imperfect Competition ◽  
Paper Industry ◽  
Annual Data ◽  
Time Varying ◽  
Empirical Industrial Organization ◽  
Three Stage Least Squares ◽  
Oligopsony Power ◽  
The U.S

The U.S. paper industry has become increasingly concentrated and therefore been suspected of imperfect competition. In this study, the new empirical industrial organization approach is employed to measure the degree of oligopoly and oligopsony power in the U.S. paper industry simultaneously. The model is estimated by iterative three-stage least squares using annual data from 1955 to 2003. The results reveal that there has been significant oligopoly and oligopsony power in the U.S. paper industry, and the oligopoly power has been consistently lower than the oligopsony power.

Shortage of Skills in the Labor Market: Limited Supply, Lack of Demand, or False Signals from Employers?

2004 ◽  
pp. 76-94 ◽  
Author(s):  
V. Gimpelson
Keyword(s):  
Labor Market ◽  
Competitive Market ◽  
Skilled Workers ◽  
Industrial Enterprises ◽  
Russian Industry ◽  
General Skills ◽  
Limited Supply

The article discusses the issue of shortage of skills in the Russian industry. Using microdata from a survey of industrial enterprises, the author confirms that most of employers complain of difficulties in hiring and attaching skilled workers. In case of mass occupations, this shortage relates mostly to low efficient enterprises, which are unable or unwilling to pay competitive market going wage. More efficient and better paying firms are less likely to face shortage of general skills on the labor market but may face limited supply of specific skills.

scholarly journals The Growth of Earnings Instability in the U.S. Labor Market

1994 ◽  
Vol 1994 (2) ◽  
pp. 217 ◽  
Author(s):  
Peter Gottschalk ◽  
Robert Moffitt ◽  
Lawrence F. Katz ◽  
William T. Dickens
Keyword(s):  
Labor Market ◽  
Earnings Instability ◽  
The U.S

Intergenerational Earnings Mobility in Italy

2007 ◽  
Vol 7 (2) ◽  
Author(s):  
Sauro Mocetti
Keyword(s):  
Labor Market ◽  
Least Squares ◽  
Household Income ◽  
Intergenerational Mobility ◽  
Least Squares Method ◽  
Developed Countries ◽  
Data Set ◽  
Labor Market Success ◽  
Term Labor

Abstract This paper contributes to the growing number of studies on intergenerational mobility by providing a measure of earnings elasticity for Italy. The absence of an appropriate data set is overcome by adopting the two-sample two-stage least squares method. The analysis, based on the Survey of Household Income and Wealth, shows that intergenerational mobility is lower in Italy than it is in other developed countries. We also examine the reasons why the long-term labor market success of children is related to that of their fathers.

Not Enough Time?

2014 ◽  
Vol 59 (2) ◽  
pp. 119-127 ◽  
Author(s):  
Daniel S. Hamermesh
Keyword(s):  
Labor Market ◽  
Market Equilibrium ◽  
Family Members ◽  
Market Work ◽  
Work Time ◽  
Rich Countries ◽  
The U.S ◽  
American Labor

This study summarizes evidence on various unique aspects of work time in the American labor market. Compared to workers in other rich countries, Americans: Work longer hours per week; take fewer paid vacations; are more likely to work on weekends or at nights; enjoy fewer daily hours of leisure; are more likely to feel pressured for time. Except for night/weekend work, these phenomena are concentrated among higher earners. Their workaholism spills over onto other workers and non-worker family members. The study indicates policy remedies for what appears to be an inferior labor-market equilibrium of excessive market work in the U.S.

scholarly journals Tradability and the Labor-Market Impact of Immigration: Theory and Evidence from the U.S.

2017 ◽  
Author(s):  
Ariel Burstein ◽  
Gordon Hanson ◽  
Lin Tian ◽  
Jonathan Vogel
Keyword(s):  
Labor Market ◽  
Market Impact ◽  
The U.S
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