Downsizing and Heterogeneous Firing Costs

A structural labor demand model is developed that allows for worker heterogeneity regarding firing costs and productivity. It is estimated for a firm in demise when 3,650 workers were made redundant in a restructuring following bankruptcy. This was the largest mass layoff in the history of the Nethe...

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Veröffentlicht in:	The review of economics and statistics 2006-02, Vol.88 (1), p.158-170
1. Verfasser:	Pfann, Gerard A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Aircraft industry Bankruptcy Bankruptcy trusteeship Capital costs Case studies Costs Demographics Downsizing Econometrics Economic costs Economic models Employment Employment termination Hypothesis testing Labor costs Layoffs Modeling
Online-Zugang:	Volltext
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