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Downsizing
Pfann, Gerard A. - 2001
heterogeneous firing costs. The theoretical model predicts that the firm displaces workers with low firing costs, low expected …
Persistent link: https://www.econbiz.de/10010262514
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Two-Sided Learning, Labor Turnover and Worker Displacement
Pfann, Gerard A.; Hamermesh, Daniel S. - 2001
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...
Persistent link: https://www.econbiz.de/10010274098
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Where to go? Workers' Reasons to quit and Intra- versus Interindustry Job Mobility
Delfgaauw, Josse - 2005
This paper employs survey data on the reasons to quit of Dutch job changers who entered or left a public sector job in 2001. We show that workers' reasons to quit their public sector job influence their decision to stay in or leave their industry of employment. A bad experience with, for...
Persistent link: https://www.econbiz.de/10010325442
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Labor turnover before plant closure: leaving the sinking ship vs. captain throwing ballast overboard
Schwerdt, Guido - 2008
with significantly lower displacement costs and on average significantly higher pre-closure earnings levels as opposed to … estimated displacement costs to differ between early leavers and ultimately displaced workers. Focusing exclusively on the … latter group would lead to a serious overestimation of displacement costs. …
Persistent link: https://www.econbiz.de/10010264326
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Worker Separations in a Nonstationary Corporate Environment
Dohmen, Thomas J.; Pfann, Gerard A. - 2000
This paper investigates differences in worker turnover characteristics between periods of workforce expansion and contraction in a firm. We derive a Cox proportional hazard model from a simple model of job separation based on the expected surpluses from the firm and its workers. We account for...
Persistent link: https://www.econbiz.de/10010262407
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Why do wages become more rigid during a recession than during a boom?
Yokoyama, Izumi - In: IZA Journal of Labor Economics 3 (2014), pp. 1-23
This paper provides a theoretical and empirical analysis of the effect of performance-based layoffs on wage rigidity in the context of performance pay. In the model, it becomes optimal for firms to raise future regular pay to maintain workers' current efforts, which results in downwardly rigid...
Persistent link: https://www.econbiz.de/10011603322
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Optimal combination of wage cuts and layoffs-the unexpected side effect of a performance-based payment system
Yokoyama, Izumi; Obara, Takuya - In: IZA Journal of Labor Policy 6 (2017) 14, pp. 1-15
This study analyzes the trade-off relationship between layoffs and wage cuts. If the introduction of a performance-based payment system stimulates workers' pecuniarymotivated minds, their morale can be damaged more severely by wage cuts than prior to the introduction thereof. Utilizing this...
Persistent link: https://www.econbiz.de/10011986206
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Zur Empfehlung von Abfindungsobergrenzen für Vorstandsmitglieder
Schottmüller-Einwag, Ute; Dilger, Alexander - 2019
In diesem Beitrag wird untersucht, ob Vorstandsabfindungen von börsennotierten Unternehmen durch die Empfehlung 4.2.3 Abs. 4 Satz 1 des Deutschen Corporate Governance Kodex in ihrer Höhe begrenzt werden. Die Analyse umfangreicher empirischer Daten zu Entsprechenserklärungen aller...
Persistent link: https://www.econbiz.de/10012008612
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Corporate governance reporting: Compliance with upper limits for severance payments to members of executive boards in Germany
Dilger, Alexander; Schottmüller-Einwag, Ute - 2019
This paper examines how corporate governance reporting corresponds to actual conduct regarding severance payment caps for prematurely departing members of companies' executive boards in Germany. For this purpose, we first evaluate the declarations of conformity for all companies listed in the...
Persistent link: https://www.econbiz.de/10012061244
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Working in family firms
Breda, Thomas - In: IZA World of Labor (2018)
Family firms are ubiquitous in most countries. The differences in objectives, governance, and management styles between those firms and their non-family counterparts have several implications for the workforce, which scholars have only recently started to investigate. Family firms offer greater...
Persistent link: https://www.econbiz.de/10011820358