What Do Quit Rates Say about Public-Sector Pay?
14th June 2011
Over at EconLong, Arnold Kling has a quick comment on the new version of my federal pay paper with Jason Richwine, arguing that our analysis of salaries, benefits, and job security isn’t really necessary: “All you need to look at are the low quit rates and the high ratio of applicants to openings.” If nobody quits federal jobs and everybody wants to have them, then that’s the market telling you that these are pretty sweet positions to hold.