Arbeitspapier
Downsizing
Optimal layoff rules in closed form are derived for all workers in a firm that downsizes under uncertainty and faces heterogeneous firing costs. The theoretical model predicts that the firm displaces workers with low firing costs, low expected future productivity growth, and low layoff option values. The empirical analysis based on personnel records from a Dutch aircraft building company that went bankrupt in 1996 shows that workers with high uncertainty associated with higher than average expected productivity growth are most likely to be retained.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 307
- Klassifikation
-
Wirtschaft
Compensation Packages; Payment Methods
Labor Turnover; Vacancies; Layoffs
- Thema
-
Layoff rules
firing costs
uncertainty
heterogeneity
Personalabbau
Kündigung
Kosten
Arbeitsproduktivität
Entscheidung bei Unsicherheit
Luftfahrtindustrie
Theorie
Niederlande
Koninklijke Nederlandse Vliegtuigenfabriek, Fokker
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pfann, Gerard A.
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Pfann, Gerard A.
- Institute for the Study of Labor (IZA)
Entstanden
- 2001
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