Why Firms Lay Off Workers Instead of Cutting Wages: Evidence From Linked Survey-administrative Data
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- Morten Bennedsen & Antoine Bertheau & Marianna Kudlyak & Birthe Larsen, 2025. "Why Firms Lay Off Workers Instead of Cutting Wages: Evidence from Linked Survey-Administrative Data," Working Paper Series 2025-05, Federal Reserve Bank of San Francisco.
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More about this item
Keywords
Wage rigidity; Layoffs;JEL classification:
- D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
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