Gielen, Anne C.; van Ours, Jan C. - 2006
separations in the Dutch labor market. From an analysis of matched worker-firm data we conclude that both quits and layoffs are … difference between quits and layoffs. Whereas inefficient quits are rare, inefficient layoffs occur frequently. These phenomena … may be related to downward wage rigidity. While it is easy to renegotiate higher wages to prevent quits, it is much more …