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dc.contributor.authorPfann, Gerard A.en_US
dc.contributor.authorHamermesh, Daniel S.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/10419/21163-
dc.description.abstractWe 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.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesIZA Discussion paper series 308en_US
dc.subject.jelJ33en_US
dc.subject.jelJ63en_US
dc.subject.ddc330en_US
dc.subject.keywordLearningen_US
dc.subject.keywordturnoveren_US
dc.subject.keyworddisplacementen_US
dc.subject.stwLernenen_US
dc.subject.stwArbeitsbeziehungenen_US
dc.subject.stwKündigungen_US
dc.subject.stwTheorieen_US
dc.subject.stwLuftfahrtindustrieen_US
dc.subject.stwNiederlandeen_US
dc.titleTwo-Sided Learning, Labor Turnover and Worker Displacementen_US
dc.typeWorking Paperen_US
dc.identifier.ppn333896688en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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