The more intra-firm equity, the higher employee retention: Evidence from the universe of urban firms in Colombia
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| Formato: | Artículo científico |
| Lenguaje: | en |
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Universidad ICESI
2023
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| _version_ | 1876456089758728192 |
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| author | Eduardo Lora |
| author_facet | Eduardo Lora |
| contents | The more intra-firm equity, the higher employee retention: Evidence from the universe of urban firms in Colombia Eduardo Lora Administración y Contabilidad Intra firm equity wage structure employee retention personnel turnover 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. JEL classification: J31; J33; J63. 2023 artículo científico 0123-5923 https://www.redalyc.org/articulo.oa?id=21282729005 https://www.redalyc.org/journal/212/21282729005/ https://www.redalyc.org/journal/212/21282729005/html/ https://www.redalyc.org/journal/212/21282729005/21282729005.epub https://www.redalyc.org/journal/212/21282729005/movil 10.18046/j.estger.2023.168.5897 en http://www.redalyc.org/revista.oa?id=212 Estudios Gerenciales application/pdf Universidad ICESI Estudios Gerenciales (Colombia) Num.168 Vol.39 |
| format | Artículo científico |
| id | redalyc_21282729005 |
| institution | Redalyc |
| language | en |
| publishDate | 2023 |
| publisher | Universidad ICESI |
| spellingShingle | The more intra-firm equity, the higher employee retention: Evidence from the universe of urban firms in Colombia Eduardo Lora Administración y Contabilidad Intra firm equity wage structure employee retention personnel turnover The more intra-firm equity, the higher employee retention: Evidence from the universe of urban firms in Colombia Eduardo Lora Administración y Contabilidad Intra firm equity wage structure employee retention personnel turnover 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. JEL classification: J31; J33; J63. 2023 artículo científico 0123-5923 https://www.redalyc.org/articulo.oa?id=21282729005 https://www.redalyc.org/journal/212/21282729005/ https://www.redalyc.org/journal/212/21282729005/html/ https://www.redalyc.org/journal/212/21282729005/21282729005.epub https://www.redalyc.org/journal/212/21282729005/movil 10.18046/j.estger.2023.168.5897 en http://www.redalyc.org/revista.oa?id=212 Estudios Gerenciales application/pdf Universidad ICESI Estudios Gerenciales (Colombia) Num.168 Vol.39 |
| title | The more intra-firm equity, the higher employee retention: Evidence from the universe of urban firms in Colombia |
| topic | Administración y Contabilidad Intra firm equity wage structure employee retention personnel turnover |
| url | https://www.redalyc.org/articulo.oa?id=21282729005 https://www.redalyc.org/journal/212/21282729005/ https://www.redalyc.org/journal/212/21282729005/html/ https://www.redalyc.org/journal/212/21282729005/21282729005.epub https://www.redalyc.org/journal/212/21282729005/movil |