Vassar College Digital Library
Document
Abstract
It is commonly believed that firms prefer layoffs to worksharing, in part, because layoffs economize on fringe benefit costs. We find that when labor markets are characterized by optimal implicit contracts, layoffs will never occur in equilibrium, regardless of the level of fringe benefits.
Details
Department or Program
Document Type
Issue Number
2
Page Numbers
295-299
Paper Number
12
Peer Reviewed
Reviewed
Publication Date
1990-10-01
Volume Number
20
English
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