Downsizing and Heterogeneous Firing Costs
构建了一个考虑工人解雇成本和生产力异质性的结构性劳动需求模型，并利用荷兰史上最大规模裁员事件的数据进行估计，模型能正确预测68%的工人被解雇情况，揭示了解雇成本如何影响人事决策。
A structural labor demand model is developed that allows for worker heterogeneity regarding firing costs and productivity. It is estimated for a firm in demise when 3,650 workers were made redundant in a restructuring following bankruptcy. This was the largest mass layoff in the history of the Netherlands. The model produces sharp predictions on how firing thresholds depend on individual worker characteristics. The signs of the estimated coefficients are consistent with these predictions. The model correctly predicts 68% of individual worker displacement. The results provide new in-depth knowledge on how firing costs influence personnel decisions.