Firing versus Continuing Employment if an Economic Setback is Expected

A simple model evaluating a firm’s optimal employment reaction to an imminent recession is presented. Firing costs shelter employment – and this effect is typically amplified by uncertainty due to an option value of waiting. However, this job protection effect is reduced if the expected probability...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	MAGKS - Joint Discussion Paper Series in Economics (Band 18-2009)
1. Verfasser:	Göcke, Matthias
Format:	Arbeit
Sprache:	Englisch
Veröffentlicht:	2009
Schlagworte:	probability, duration and size of recession Wirtschaft Firing costs and uncertainty Economics
Online-Zugang:	PDF-Volltext
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