Quits, layoffs, and job destruction
We examine the quit-layoff distinction and its implications for job destruction from the employer's perspective. Using a set of panel data of Dutch firms, we get the following results. First, in addition to layoffs, quits contribute to the speed of downward adjustment of labour. Second, about 22% of the jobs of workers who resigned are destroyed. It is not clear-cut whether these resignations are initiated by employers or employees.
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Document Type: Research Article
Publication date: 2003-12-15