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Spring 2002

ISSN 0890-913X

Volume 17, Number 2

Categories: Spring 2002 | Business Cycles

Downsizing : An Examination of the Consequences of Mass Layoffs

Kevin R. Foster, City College of New York

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Downsizing:AnExaminationoftheConsequencesofMassLayoffsKevinR.FosterCityCollegeofNewYorkTherecessionoftheearly1990sbroughtAdownsizing@tothevocabularyandpolicydiscussions,buteconomistshavehadashortageofevidenceaboutitseffectsonthefundamentalsofthefirms.Recentpapershavemadeeventstudiesofthestockpriceandhaveexaminedthepayoftopexecutives(Hallock,1998;FarberandHallock,1999)butthesehavenotbeentieddowntofundamentalmeasuresofwhetherthefirmismoreprofitableafterward.AstheU.S.economyslows,furthernewsitemsaboutmasslayoffshaveensuredthatthisquestionremainsrelevant.Therehavebeencarefulstudiesofthefatesoftheworkersinvolved(Farber,1997),butthefatesofthefirmshavebeenstudiedless.Apartfromcasestudiesofparticularcompanies,wedon=t

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Title	Downsizing : An Examination of the Consequences of Mass Layoffs
Authors/Creators:	Kevin R. Foster, City College of New York
Year:	2002
Volume:	17
Number:	2
Pages:	109 - 130
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Unemployment, Labour market, Recession, Industry, Profit

Citation:
Foster, Kevin R. / 2002. "Downsizing : An Examination of the Consequences of Mass Layoffs." The Journal of Private Enterprise, 17(2): 109-130.