@techreport{Pfann2001Sided,
abstract = {We construct a general dynamic structural model of two-sided learning between a firm and its
workers. We estimate an empirical version of the model using personnel data from Fokker
Aircraft that cover the path of layoffs and quits through its bankruptcy. We find that the firm
learns about its workers? loyalty (demonstrating the role of information in repeated
cooperative principal-agent relationships). There is no evidence that workers learn
(consistent with earlier empirical results on American workers). The type of data that we use
also generates information on the value of learning and on whether and how the
characteristics of workers who remain until the firm?s death differ from those of all affected
workers. It thus allows us to measure the increases in the firm?s value from learning about its
workers? behavior and to infer the extent of biases in estimated losses from displacement
from samples restricted to displaced workers.},
author = {Gerard A. Pfann and Daniel S. Hamermesh},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {J33; J63; 330; Learning; turnover; displacement; Lernen; Arbeitsbeziehungen; K\"{u}ndigung; Theorie; Luftfahrtindustrie; Niederlande},
language = {eng},
number = {308},
title = {Two-Sided Learning, Labor Turnover and Worker Displacement},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/21163},
year = {2001}
}
