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- Title
The more intra-firm equity, the higher employee retention: Evidence from the universe of urban firms in Colombia.
- Authors
Lora, Eduardo
- Abstract
Fairness and equity considerations may influence workers' decision to stay or quit their jobs. This paper tests several hypotheses derived from theory on the relation between intra-firm equity and employee retention. It uses administrative data covering the universe of urban firms in Colombia between 2008 and 2016. The average wage of the firm, the intra-firm dispersion of real wage adjustments, and the share of women in the firm are significantly associated with retention rates in the directions predicted by theory. The intra-firm wage gap is directly associated with retention, at odds with theory. The results suggest that equity considerations are important in employees' decision to stay or quit.
- Subjects
COLOMBIA; EMPLOYEE retention; WAGE differentials; REAL wages; INCOME inequality; RESIGNATION of employees; BUSINESS enterprises
- Publication
Estudios Gerenciales, 2023, Vol 39, Issue 168, p327
- ISSN
0123-5923
- Publication type
Article
- DOI
10.18046/j.estger.2023.168.5897