Gonzalo Maturana - Associate Professor of Finance
The Hidden Costs of Government Shutdowns (2021) with Christoph Herpfer and Gonzalo Maturana
Abstract : Government bureaus with higher percentages of furloughed employees during the 2013 government shutdown experienced more employee turnover for two years after the shutdown. This lost workforce was not replenished after employee exits stabilize, at least not within four years after the shutdown. We find that younger employees are more likely to quit, while more experienced employees who receive higher pay are more likely to retire. Affected bureaus react by outsourcing more of their activities. Mor
The Hidden Costs of Government Shutdowns (2023) with Christoph Herpfer and Gonzalo Maturana
Gonzalo Maturana - Associate Professor of Finance