英文摘要 |
This paper, taking R&D engineers in high-technology industries as study objects, tries to explore the determinants of employee quits and inter-firm wage changes.The main findings can be summarized as follows:1.Search (Match) theory and theory of specific human capital account for quit phenomenon. The probabilit of leavinga jobdeclineswithbothtenureandlabormarketexperience. Additionally, those workers who are unmarried, possess doctor degree, or work in lager firms are less likely to quit.2.Pecuniarywage, presentingonly partal value of a job offer, has no significant effect on quit decision.Re-proxied by workers' degreeofsatisfaction overcertainjobcharacteristics,work remunerationshows negative relationship with quits.Furthermore, among all of the job characteristicsconsidered, "opportunity to learn updating concepts and skills" is the one that workers cherishthe most.3.Voluntaryturnovers, as search theory predicted, contributebetter match quality(higherutility) for workersthemselves.Meanshile, we find that thereare negativerelationships between tenure and inter-industryjob changing, on the one hand, and inter-firm wage change, on the other, which demenstratesthe existenceof specifichuman capital.Finally, the externalityof quitgetspreliminarysupportthrough empirical evidence. |