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Philipps-Universität Marburg >
Faculty of Business Administration and Economics, Philipps-Universität Marburg >
MAGKS Joint Discussion Paper Series in Economics, Universität Marburg >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/30081
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Göcke, Matthias | | en_US |
| dc.date.accessioned | | 2009-08-26 | | en_US |
| dc.date.accessioned | | 2010-03-05T15:38:25Z | | - |
| dc.date.available | | 2010-03-05T15:38:25Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/30081 | | - |
| dc.description.abstract | | A simple model evaluating a firm’s optimal employment reaction to an imminent recession is presented. Firing costs shelter employment – and this effect is typically amplified by uncertainty due to an option value of waiting. However, this job protection effect is reduced if the expected probability of a setback increases, and if the expected duration and size of a recession grows. If a severe recession is expected with a high probability the option to wait with firing looses its value, thus, immediate layoffs and market exits become the optimal strategy even before the recession turns out to be actual. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Univ., Dep. of Business Administration & Economics Marburg | | en_US |
| dc.relation.ispartofseries | | Joint discussion paper series in economics 2009,18 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.jel | | J63 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Firing costs and uncertainty | | en_US |
| dc.subject.keyword | | probability | | en_US |
| dc.subject.keyword | | duration and size of recession | | en_US |
| dc.title | | Firing versus continuing employment if an economic setback is expected | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 603933297 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | MAGKS Joint Discussion Paper Series in Economics, Universität Marburg
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