Downsizing and heterogeneous firing costs

Review of Economics and Statistics

Volumn 88, Issue 1, 2006, Pages 158-170

  Pfann, Gerard A ^a  

^a MAASTRICHT UNIVERSITY   (Netherlands)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 32544459234     PISSN: 00346535     EISSN: 15309142     Source Type: Journal    
DOI: 10.1162/003465306775565701     Document Type: Article

References (21)

1. Baker, George, Michael Gibbs, and Bengt Holmstrom, "The Internal Economics of the Firm: Evidence from Personnel Data," Quarterly Journal of Economics 109 (November 1994), 881-919.
2. Bentolila, Samuel, and Guiseppe Bertola, "Firing Costs and Labour Demand: How Bad Is Eurosclerosis?" Review of Economic Studies 57 (July 1990), 381-402.
3. Caballero, Ricardo J., and Eduardo M. R. A. Engel, "Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach," Econometrica 67 (July 1999), 783-826.
4. Deterink, Louis, Robert Schimmelpenninck, Arnold Leufting, and Ben Knüppe, Bankruptcy Trustees' Investigation of the Causes of the Bankruptcy of N.V. Koninklijke Nederlandse Vliegtuigfabriek Fokker, Fokker Aircraft B.V. and Fokker Administration B.V. (Deventer: Kluwer Publishers, 1997).
5. Dixit, Avinash, "Entry and Exit Decisions under Uncertainty," Journal of Political Economy 97 (June 1989). 620-638.
6. Eberly, Janice, "Adjustment of Consumers' Durables Stocks: Evidence from Automobile Purchases,' Journal of Political Economy 102 (June 1994), 403-436.
7. Farber, Henry, "The Changing Face of Job Loss in the United States, 1982-1995," Brookings Papers on Economic Activity: Microeconomics (1997), 55-128.
8. Hamermesh, Daniel, "The Costs of Worker Displacement," Quarterly Journal of Economics 102 (February 1987), 51-75.
9. Hamermesh, Daniel, and Gerard Pfann, "Adjustment Costs in Factor Demand," Journal of Economic Literature 34 (September 1996), 1264-1292.
10. Jacobson, Louis, Robert LaLonde, and Daniel Sullivan, "Earnings Losses of Displaced Workers," American Economic Review 83 (September 1993), 685-709.
11. Jovanovic, Boyan, "Firm-Specific Capital and Turnover," Journal of Political Economy 87 (December 1979), 1246-1260.
12. Kletzer, Lori. "Job Displacement." Journal of Economic Perspectives 12 (Winter 1998), 115-136.
13. Lazear, Edward, "Hiring Risky Workers," NBER working paper no. 5334 (1995).
14. Merton, Robert, "Option Pricing When Underlying Stock Returns Are Discontinuous," Journal of Financial Economics 3 (1979), 125-44.
15. Mortensen, Dale, and Christopher Pissarides, "Job Creation and Job Destruction in the Theory of Unemployment," Review of Economic Studies 61 (July 1994), 397-415.
16. Nickell, Stephen. "Fixed Costs, Employment and Labour Demand over the Cycle," Economica 45 (November 1978), 329-345.
17. _ "Dynamic Models of Labour Demand," in Orley Ashenfelter and Richard Layard (Eds.), Handbook of Labor Economics, Vol. 1 (Amsterdam: North-Holland, 1986).
18. Oi, Walter, "Labor as a Quasi-Fixed Factor," Journal of Political Economy 70 (December 1962), 538-555.
19. Oyer, Paul, and Scott Schaefer, "Layoffs and Litigation," RAND Journal of Economics 31 (Summer 2000), 345-358.
20. Sargent, Thomas, "Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment," Brookings Papers of Economic Activity 2 (1973), 429-480.
21. Topel, Robert, and Michael Ward, "Job Mobility and the Careers of Young Men," Quarterly Journal of Economics 107 (May 1992), 439-479.