G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w8273
来源IDWorking Paper 8273
Two-Sided Learning, Labor Turnover and Displacement
Gerard A. Pfann; Daniel S. Hamermesh
发表日期2001-05-01
出版年2001
语种英语
摘要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 workers' loyalty (demonstrating the role of information in repeated cooperative principal-agent relationships). There is no evidence that workers learn (consistent with earlier empirical results on American workers). The type of data that we use also generates information on the value of learning and on whether and how the characteristics of workers who remain until the firm's death differ from those of all affected workers. It thus allows us to measure the increases in the firm's value from learning about its workers' behavior and to infer the extent of biases in estimated losses from displacement from samples restricted to displaced workers.
主题Labor Economics ; Labor Supply and Demand ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w8273
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/565871
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Gerard A. Pfann,Daniel S. Hamermesh. Two-Sided Learning, Labor Turnover and Displacement. 2001.
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