The Acceptability of Layoffs and Pay Cuts: Comparing North America with Germany

Knut Gerlach, David Levine, Gesine Stephan and Olaf Struck

Institute for Research on Labor and Employment, Working Paper Series from Institute of Industrial Relations, UC Berkeley

Abstract: Substantial evidence shows that North Americans are generally more accepting of the market than Europeans and attribute market outcomes to a larger degree to effort or skill. Thus, we expect North Americans to be more accepting of layoffs and pay cuts than Germans and that Germans will be more sensitive to the procedures and conditions under which pay cuts and lay-offs occur. The empirical results from our quasi-experimental study are largely in line with our hypotheses. These results may help explain and be explained by the different labour market in-stitutions in the different regions.

Keywords: Industrial Relations--Germany; Industrial Relations--United States; Layoffs; Employee Wages (search for similar items in EconPapers)
Date: 2005-03-01
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Working Paper: The acceptability of layoffs and pay cuts: comparing North America with Germany (2006)
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