The link between ability and specialization: an explanation for observed correlations between wages and mobility rates.

Wage levels and turnover rates are negatively correlated across types of employment, and this fact is often interpreted as evidence that high-wage jobs are rationed. A simple training model illustrates, however, that this correlation may arise because able workers have an incentive to choose highly...

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Bibliographic Details

Published in:	Journal of Human Resources Vol. 33; no. 1; pp. 173 - 201
Main Author:	Neal, Derek A.
Format:	Article
Published:	University of Wisconsin Press Winter98
Subjects:	Statistical correlation Mathematical models in business Labor turnover Wages Employee training Mathematical models
Online Access:	View this record in EBSCOhost