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Producer DynamicsNew Evidence from Micro Data$
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Timothy Dunne, J. Jensen, and Mark J. Roberts

Print publication date: 2009

Print ISBN-13: 9780226172569

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226172576.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 04 April 2020

The Role of Fringe Benefits in Employer and Workforce Dynamics

The Role of Fringe Benefits in Employer and Workforce Dynamics

Chapter:
(p.473) 13 The Role of Fringe Benefits in Employer and Workforce Dynamics
Source:
Producer Dynamics
Author(s):

Anja Decressin

Tomeka Hill

Kristin Mccue

Martha Stinson

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226172576.003.0014

This chapter explores the richness of the Longitudinal Employer-Household Dynamics (LEHD) data set by augmenting it with publicly-available data on employee benefits offered by different companies. It demonstrates that the level of benefits offered by a firm is negatively associated with employee turnover. Firms that offer benefits have higher-skilled workers and these skilled workers have lower turnover rates. Moreover, firms offering benefits have higher labor productivity and are more likely to survive, even after controlling for worker and firm characteristics and wage compensation. Benefits in general are negatively related to churning rates. Firms with high churning rates tend to grow more slowly. The firm wage effect has a strong positive relationship with growth rates. The results generally confirm that there is a correlation between a firm's decision to offer benefits and the mobility and productivity of its labor force as well as the firm's length of life.

Keywords:   benefits, growth rates, employee turnover, firms, higher-skilled workers, labor productivity, wage compensation, churning rates

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