Home > Weatherhead > JOE > Spring 2024 > Iss. 1 (2024)
Abstract
Analyzing the relationship between average salary of individuals and retention rates of individuals in Ohio, this paper seeks to understand the talent migration trends among those with varying levels of education. A stark contrast is observed between the mobility of people with higher wages than those with lower wages, with a significantly higher percentage of the former leaving the state. The hypothesis suggests that earning higher wages outside of Ohio may reduce the likelihood of Ohio residents staying within the state. The research utilizes a probit regression model to estimate retention probabilities, controlling for age, whether the individual is employed, whether or not the individual was originally from the state, and whether the individual obtained a bachelor’s degree. Preliminary data from the CPS, serves as the foundation for analysis. Anticipated findings suggest that higher salaries of individuals correlate with lower retention rates. The study holds substantial implications for policymakers, educators, and employers, allowing for benchmarking against states with higher rates of retention and providing insight for learning about the policies and practices of these other states, which can help Ohio policymakers implement an effective plan for increasing their own retention rate.
Recommended Citation
Doan, An; Goldfarb, Jamie; and Merrifield, George
(2024)
"Is the Grass Always Greener on the Other Side? An Analysis of Migration and Retention of Ohio’s Working Age Population,"
Case Western Reserve University Journal Of Economics: Vol. 2:
Iss.
1, Article 13.
Available at:
https://commons.case.edu/joe/vol2/iss1/13
