Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/21163 
Erscheinungsjahr: 
2001
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 308
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
We 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.
Schlagwörter: 
Learning
turnover
displacement
JEL: 
J33
J63
Dokumentart: 
Working Paper

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