The Quit-Layoff Distinction and Related Topics in Labor Turnover

本研究的目的是发展一种与有效劳动力市场完全一致的裁员的替代解释。具体而言，本研究将侧重于理论和实证工作，在匹配框架内分析辞职和裁员，将分离解释为共同财富最大化行为的结果。动态表示将取代现货市场序列的假设。这将延续到人员流动的结构模型的估计和工资方程估计在内生人员流动的存在。该项目的其他方面包括分析(a)临时裁员和召回，(b)补贴失业保险的影响，以及(3)联合财富最大化和刚性工资模型之间可测试的差异。政府在劳资关系中的干预作用取决于劳动力市场在由市场力量决定时的运作效率。裁员的存在被一些人解释为劳动力市场在分配劳动力和减轻失业方面没有有效运作的证据。本项目发展了另一种对裁员的解释，这种解释可能与有效的劳动力市场完全一致。该项目的大部分内容将集中在检查裁员是否与有效运作的劳动力市场相一致的证据上。可能与政策相关的是，重新分类对失业保险制度的估计影响将是：以质量换福利的裁员。

The purpose of this research is to develop an alternative interpretation of layoffs which is fully consistent with an efficient labor market. Specifically, this research will focus on theoretical and empirical work which analyzes quits and layoffs within a matching framework that interprets separations as the outcome of joint wealth- maximizing behavior. A dynamic representation will replace the assumption of a sequence of spot markets. This will carry over to the estimation of structural models of turnover and wage equation estimation in the presence of endogenous turnover. Other aspects of the project include analyses of (a) temporary layoff and recall, (b) the effect of subsidized unemployment insurance, and (3) the testable differences between the joint wealth-maximizing and rigid-wage models. $$$ The role for government intervention in firm-worker relationships depends on how efficiently the labor market operates when left to market forces. The existence of layoffs has been interpreted by some as evidence that the labor market does not operate efficiently in the allocation of labor and the mitigation of unemployment. This project develops an alternative interpretation of layoffs which may be fully consistent with an efficient labor market. Much of the project will focus on examining the evidence as to whether layoffs are in fact consistent with an efficiently operating labor market. Of possible policy relevance would be the estimated effect on the unemployment insurance system of reclassifying would be quits as layoffs to quality for benefits.