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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Göcke, Matthias | en |
dc.date.accessioned | 2009-08-26 | - |
dc.date.accessioned | 2010-03-05T15:38:25Z | - |
dc.date.available | 2010-03-05T15:38:25Z | - |
dc.date.issued | 2009 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aPhilipps-University Marburg, Faculty of Business Administration and Economics |cMarburg | en |
dc.relation.ispartofseries | |aMAGKS Joint Discussion Paper Series in Economics |x2009,18 | en |
dc.subject.jel | D81 | en |
dc.subject.jel | J63 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Firing costs and uncertainty | en |
dc.subject.keyword | probability | en |
dc.subject.keyword | duration and size of recession | en |
dc.title | Firing versus continuing employment if an economic setback is expected | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 603933297 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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