Excessive labor mobility threatens firm profits in Austrian job market.
The article explores how the Austrian job market works by studying how different factors affect job outcomes. The researchers used a model to understand how productivity levels impact job searches and durations. They found that changes in labor mobility and offered wages can influence how long people stay in their jobs. Excessive job changes can also affect how much money companies make. The researchers adjusted their methods to deal with limited wage data and considered the differences between individuals in their analysis.