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Federal Reserve Bank of Cleveland
Economic Review
Turnover, wages, and adverse selection
Charles T. Carlstrom

An argument that adverse selection in the labor market can explain why frequent job-changers have lower average wages and flatter age-earnings profiles than workers who change jobs infrequently. Adverse selection also provides a basis for examining the welfare implications of low-productivity workers in the labor market.

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Charles T. Carlstrom, "Turnover, wages, and adverse selection" , Federal Reserve Bank of Cleveland, Economic Review, issue Q I, pages 18-28, 1989.
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