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heterogeneous firing costs. The theoretical model predicts that the firm displaces workers with low firing costs, low expected …
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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 …
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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...
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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/10001605272