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dc.contributor.authorPfann, Gerard A.en_US
dc.date.accessioned2009-01-28T16:19:59Z-
dc.date.available2009-01-28T16:19:59Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/21162-
dc.description.abstractOptimal layoff rules in closed form are derived for all workers in a firm that downsizes under uncertainty and faces heterogeneous firing costs. The theoretical model predicts that the firm displaces workers with low firing costs, low expected future productivity growth, and low layoff option values. The empirical analysis based on personnel records from a Dutch aircraft building company that went bankrupt in 1996 shows that workers with high uncertainty associated with higher than average expected productivity growth are most likely to be retained.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 307en_US
dc.subject.jelJ33en_US
dc.subject.jelJ63en_US
dc.subject.ddc330en_US
dc.subject.keywordLayoff rulesen_US
dc.subject.keywordfiring costsen_US
dc.subject.keyworduncertaintyen_US
dc.subject.keywordheterogeneityen_US
dc.subject.stwPersonalabbauen_US
dc.subject.stwKündigungen_US
dc.subject.stwKostenen_US
dc.subject.stwArbeitsproduktivitäten_US
dc.subject.stwEntscheidung bei Unsicherheiten_US
dc.subject.stwLuftfahrtindustrieen_US
dc.subject.stwTheorieen_US
dc.subject.stwNiederlandeen_US
dc.subject.stwKoninklijke Nederlandse Vliegtuigenfabriek, Fokker <Amsterdam>en_US
dc.titleDownsizingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn334835976en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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