In der Covid 19-Pandemie verschärften viele deutsche Automobilhersteller und Zulieferer ihre Programme zu Effizienzsteigerungen und Kostensenkung. Im Fokus standen diesmal insbesondere Verwaltungsbereiche und FuE-Tätigkeiten an den Konzernzentralen - Group Functions. Eine arbeitsorientierte...

We study whether CEO political ideology affected how S&P 500 firms reacted to the Covid-19 pandemic, an exogenous shock to demand and supply. We hypothesize that conservative CEOs are more likely to adopt shareholder-friendly than employee-friendly reactions to the pandemic. Hence, they should...

In der Covid 19-Pandemie verschärften viele deutsche Automobilhersteller und Zulieferer ihre Programme zu Effizienzsteigerungen und Kostensenkung. Im Fokus standen diesmal insbesondere Verwaltungsbereiche und FuE-Tätigkeiten an den Konzernzentralen - Group Functions. Eine arbeitsorientierte...

This paper provides the first causal evidence on the impact of retirement on housing choices. Our empirical strategy exploits the discontinuity in the eligibility ages for state pension as an instrument for the endogenous retirement decision and controls for time-invariant individual...

We combine census and establishment-level data for 2001-2017 to study the impact of mass layoffs of big manufacturing plants on city-level population and its composition in Canada. We find that manufacturing plant closures and downsizing lead to a decline in subsequent population growth,...

We show that downsizing has substantial externalities on the health of workers who remain in the firm. To this end, we study mass layoff (ML) survivors in Austria, using workers who survive a ML themselves, but a few years in the future, as a control group. Based on highquality administrative...

The Public Institution Reform of China in 2011 effectively downsized public institutions, which is an important component of the public sector. Using this reform as a quasi-natural experiment, this paper studies the impact of public sector downsizing on private firm profits.With the instrument...

This paper studies how organizational downsizing in a bank affects loan officer specialization and the credit default risk of small and medium-sized enterprises. We exploit a wave of early loan officer retirements as a quasi-natural experiment, in which the resulting borrower reallocations...

We show that downsizing has substantial externalities on the health of workers who remain in the firm. To this end, we study mass layoff (ML) survivors in Austria, using workers who survive a ML themselves, but a few years in the future, as a control group. Based on highquality administrative...

We show that downsizing has substantial externalities on the health of workers who remain in the firm. To this end, we study mass layoff (ML) survivors in Austria, using workers who survive a ML themselves, but a few years in the future, as a control group. Based on high-quality administrative...

We study the reactions to job destructions on Twitter. We use information on large-scale job-destruction and job-creation events announced in the United Kingdom over the period 2013-2018. We match it with data collected on Twitter regarding the number and sentiments of the tweets posted around...

We show that downsizing has substantial externalities on the health of workers who remain in the firm. To this end, we study mass layoff (ML) survivors in Austria, using workers who survive a ML themselves, but a few years in the future, as a control group. Based on highquality administrative...

We study the effect of financial leverage, measured using the loan-to-value (LTV) ratios, on elderly homeowners' decisions to downsize. Using a 1999-2011 sample of elderly homeowners from the Panel Study of Income Dynamics (PSID), we find that a higher LTV ratio increases the propensity to...

This research examined the extent to which downsizing forms part of older Australians' housing preferences, the actual and perceived benefits of moving as well as the availability of downsize housing options. The research proposes a number of policy strategies for delivering housing alternatives...

We investigate the determinants of actual downsizing following corporate press announcements of downsizing and find that some announcements are followed by lower growth rates in assets and employees and some are not. Our analysis indicates that the downsizing announcement sometimes implies net...

This paper analyses how differences in the degree of occupational routine-intensity affect the costs of job loss. We use worker-level data on mass layoffs in Germany between 1980 and 2010 and provide causal evidence that workers who used to be employed in more routine-intensive occupations...

This article explores outplacement models typical for understanding the roles of job insecurity and the subjective perception of opportunities to find a new job. This study aims to validate the following hypothesis: people who are covered by outplacement systems in a workplace usually feel that...

We propose that due to financial market pressures, managers are forward-looking in their search and decision processes and focus on meeting performance targets set by the financial community. Using panel data on S&P 100 companies, we find that pressure felt by management to meet the analyst...

This paper analyses how differences in the degree of occupational routine-intensity affect the costs of job loss. We use worker-level data on mass layoffs in Germany between 1980 and 2010 and provide causal evidence that workers who used to be employed in more routine-intensive occupa-tions...

This paper analyses how differences in the degree of occupational routine-intensity affect the costs of job loss. We use worker-level data on mass layoffs in Germany between 1980 and 2010 and provide causal evidence that workers who used to be employed in more routine-intensive occupations...

Die ostdeutschen Flächenländer, darunter auch der Freistaat Sachsen, weisen im öffentlichen Dienst einen deutlich höheren Personaleinsatz je Einwohner als die westdeutschen Flächenländer auf. Hieraus kann jedoch nicht ohne Weiteres auf entsprechende Einsparpotenziale geschlossen werden....

Die ostdeutschen Flächenländer, darunter auch der Freistaat Sachsen, weisen im öffentlichen Dienst einen deutlich höheren Personaleinsatz je Einwohner als die westdeutschen Flächenländer auf. Hieraus kann jedoch nicht ohne Weiteres auf entsprechende Einsparpotenziale geschlossen werden....

We analyze a relational contracting problem, in which the principal has private information about the future value of the relationship. In order to reduce bonus payments, the principal is tempted to claim that the value of the future relationship is lower than it actually is. To induce...

Given the long-term relationship between firms and employees, the literature suggests that managers enhance the informativeness of accounting numbers in anticipation of employee negotiations to inform their employees of the firm's underlying economics. This study complements and extends the...

This chapter focuses on maintaining employment in the sector of small and medium-sized enterprises, which is crucial for the functioning of the economy. However, in an economic crisis, the changes in the area of employment of workers often become the foremost way of adapting to declining...

Prior literature has established that displaced workers suffer persistent earnings losses by following workers in administrative data after mass layoffs. This literature assumes that these are involuntary separations owing to economic distress. This paper examines this assumption by matching...