Universität zu Köln

Drzensky, Frank and Heinz, Matthias ORCID: 0000-0001-9635-1160 (2016). The Hidden Costs of Downsizing. Econ. J., 126 (598). S. 2324 - 2342. OXFORD: OXFORD UNIV PRESS. ISSN 1468-0297

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Abstract

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.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Drzensky, Frank UNSPECIFIED UNSPECIFIED UNSPECIFIED Heinz, Matthias UNSPECIFIED orcid.org/0000-0001-9635-1160 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-253603
DOI:	10.1111/ecoj.12216
Journal or Publication Title:	Econ. J.
Volume:	126
Number:	598
Page Range:	S. 2324 - 2342
Date:	2016
Publisher:	OXFORD UNIV PRESS
Place of Publication:	OXFORD
ISSN:	1468-0297
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Center of Excellence C-SEB Faculty of Management, Economics and Social Sciences > Economics > Microeconomics, Institutions and markets > Reinhard Selten Institute
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language JOB DISPLACEMENT; LAYOFFS; MORTALITY; EQUITY Multiple languages Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/25360