Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21162 
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dc.contributor.authorPfann, Gerard A.en
dc.date.accessioned2009-01-28T16:19:59Z-
dc.date.available2009-01-28T16:19:59Z-
dc.date.issued2001-
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 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.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x307en
dc.subject.jelJ33en
dc.subject.jelJ63en
dc.subject.ddc330en
dc.subject.keywordLayoff rulesen
dc.subject.keywordfiring costsen
dc.subject.keyworduncertaintyen
dc.subject.keywordheterogeneityen
dc.subject.stwPersonalabbauen
dc.subject.stwKündigungen
dc.subject.stwKostenen
dc.subject.stwArbeitsproduktivitäten
dc.subject.stwEntscheidung bei Unsicherheiten
dc.subject.stwLuftfahrtindustrieen
dc.subject.stwTheorieen
dc.subject.stwNiederlandeen
dc.subject.stwKoninklijke Nederlandse Vliegtuigenfabriek, Fokker <Amsterdam>en
dc.titleDownsizing-
dc.typeWorking Paperen
dc.identifier.ppn843945044en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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