THE HIDDEN COSTS OF DOWNSIZING

被引：15
|
作者：
Drzensky, Frank
Heinz, Matthias [1 ]
机构：
[1] Univ Cologne, Albertus Magnus Pl, D-50923 Cologne, Germany
来源：
ECONOMIC JOURNAL | 2016年 / 126卷 / 598期
关键词：
JOB DISPLACEMENT; LAYOFFS; MORTALITY; EQUITY;
D O I：
10.1111/ecoj.12216
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We analyse whether a principal's decision to lay off an agent affects the performance of the surviving agents in a laboratory experiment. We find that agents reduce their performance by 43% as a response to the lay-off decision. Heterogeneity in principals' decisions can largely be explained by different beliefs about how agents react to lay-offs.
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页码：2324 / 2341
页数：18
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