Wedocumentacausalrelationshipbetweenbusinessuncertaintyandworkforcemanagementatthefirmlevel,byleveraginglitigation-generatedquasi-experimentalvariationinbusinessuncertainty.Thecausaleffectsofbusinessuncertaintyonturnover, hiringandseparationsareof theexpectednegativedirection, andof sizablemagnitude. These consequences are stronger amongfirms that operate insectors in whichbusinessuncertaintyisintrinsicallyhigher,andcanbeattributedtotheeffect of regulationinducedbusiness riskonnormal operations. Inparticular, employee turnover,hiringandseparationsareratcheteddowntoreducetheriskofadditional wrongful terminationlawsuits. Valueaddedisalsoshowntodecrease inbusiness risk.
Omar Bamieh, D.C. (2023). Effects of business uncertainty on turnover. JOURNAL OF LABOR ECONOMICS, online first, 1-51 [10.1086/727201].
Effects of business uncertainty on turnover
Nicola Persico;Andrea Ichino
2023
Abstract
Wedocumentacausalrelationshipbetweenbusinessuncertaintyandworkforcemanagementatthefirmlevel,byleveraginglitigation-generatedquasi-experimentalvariationinbusinessuncertainty.Thecausaleffectsofbusinessuncertaintyonturnover, hiringandseparationsareof theexpectednegativedirection, andof sizablemagnitude. These consequences are stronger amongfirms that operate insectors in whichbusinessuncertaintyisintrinsicallyhigher,andcanbeattributedtotheeffect of regulationinducedbusiness riskonnormal operations. Inparticular, employee turnover,hiringandseparationsareratcheteddowntoreducetheriskofadditional wrongful terminationlawsuits. Valueaddedisalsoshowntodecrease inbusiness risk.| File | Dimensione | Formato | |
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