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https://hdl.handle.net/10419/21162
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Pfann, Gerard A. | en |
dc.date.accessioned | 2009-01-28T16:19:59Z | - |
dc.date.available | 2009-01-28T16:19:59Z | - |
dc.date.issued | 2001 | - |
dc.identifier.uri | http://hdl.handle.net/10419/21162 | - |
dc.description.abstract | Optimal layoff rules in closed form are derived for all workers in a firm that downsizes underuncertainty and faces heterogeneous firing costs. The theoretical model predicts that the firmdisplaces workers with low firing costs, low expected future productivity growth, and lowlayoff option values. The empirical analysis based on personnel records from a Dutch aircraftbuilding company that went bankrupt in 1996 shows that workers with high uncertaintyassociated with higher than average expected productivity growth are most likely to beretained. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x307 | en |
dc.subject.jel | J33 | en |
dc.subject.jel | J63 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Layoff rules | en |
dc.subject.keyword | firing costs | en |
dc.subject.keyword | uncertainty | en |
dc.subject.keyword | heterogeneity | en |
dc.subject.stw | Personalabbau | en |
dc.subject.stw | Kündigung | en |
dc.subject.stw | Kosten | en |
dc.subject.stw | Arbeitsproduktivität | en |
dc.subject.stw | Entscheidung bei Unsicherheit | en |
dc.subject.stw | Luftfahrtindustrie | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | Niederlande | en |
dc.subject.stw | Koninklijke Nederlandse Vliegtuigenfabriek, Fokker <Amsterdam> | en |
dc.title | Downsizing | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 843945044 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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