Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21163 
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dc.contributor.authorPfann, Gerard A.en
dc.contributor.authorHamermesh, Daniel S.en
dc.date.accessioned2009-01-28T16:19:59Z-
dc.date.available2009-01-28T16:19:59Z-
dc.date.issued2001-
dc.identifier.urihttp://hdl.handle.net/10419/21163-
dc.description.abstractWe construct a general dynamic structural model of two-sided learning between a firm and itsworkers. We estimate an empirical version of the model using personnel data from FokkerAircraft that cover the path of layoffs and quits through its bankruptcy. We find that the firmlearns about its workers? loyalty (demonstrating the role of information in repeatedcooperative principal-agent relationships). There is no evidence that workers learn(consistent with earlier empirical results on American workers). The type of data that we usealso generates information on the value of learning and on whether and how thecharacteristics of workers who remain until the firm?s death differ from those of all affectedworkers. It thus allows us to measure the increases in the firm?s value from learning about itsworkers? behavior and to infer the extent of biases in estimated losses from displacementfrom samples restricted to displaced workers.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x308en
dc.subject.jelJ33en
dc.subject.jelJ63en
dc.subject.ddc330en
dc.subject.keywordLearningen
dc.subject.keywordturnoveren
dc.subject.keyworddisplacementen
dc.subject.stwLernenen
dc.subject.stwArbeitsbeziehungenen
dc.subject.stwKündigungen
dc.subject.stwTheorieen
dc.subject.stwLuftfahrtindustrieen
dc.subject.stwNiederlandeen
dc.titleTwo-Sided Learning, Labor Turnover and Worker Displacement-
dc.typeWorking Paperen
dc.identifier.ppn843945184en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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