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.
Bamieh, O., Coviello, D., Ichino, A., Persico, N. (2025). Effects of business uncertainty on turnover. JOURNAL OF LABOR ECONOMICS, 43(2), 319-348 [10.1086/727201].
Effects of business uncertainty on turnover
Andrea Ichino
;Nicola Persico
2025
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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727201.pdf
Open Access dal 02/08/2024
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Postprint / Author's Accepted Manuscript (AAM) - versione accettata per la pubblicazione dopo la peer-review
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