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What have we learned about the employment effects of severance pay? : Further iterations of Lazear et al.

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dc.creator Addison, John T.
dc.creator Teixeira, Paulino
dc.date 2003
dc.date.accessioned 2013-10-16T07:09:13Z
dc.date.available 2013-10-16T07:09:13Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20180
dc.identifier ppn:374509867
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20180
dc.description In this study we examine the contribution of severance pay to employment and unemployment development using data on industrialized OECD countries. Our starting point is Lazear?s (1990) empirical dictum that severance payment requirements adversely impact the labor market. We extend his sample period and add to his parsimonious specification a variety of fixed and time-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real indication of adverse effects for (the three) other employment outcomes identified here. Moreover, with the possible exception of collective bargaining coordination, the role of institutions is also more muted than suggested in the literature.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 943
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J65
dc.subject J64
dc.subject J23
dc.subject E24
dc.subject ddc:330
dc.subject severance pay
dc.subject employment protection
dc.subject employment
dc.subject labor force participation
dc.subject unemployment
dc.subject long-term unemployment
dc.subject Abfindung
dc.subject Beschäftigungseffekt
dc.subject Arbeitslosigkeit
dc.subject Kündigungsschutz
dc.subject Arbeitsmarktflexibilisierung
dc.subject Tarifpolitik
dc.subject Schätzung
dc.subject OECD-Staaten
dc.title What have we learned about the employment effects of severance pay? : Further iterations of Lazear et al.
dc.type doc-type:workingPaper
dc.coverage 1979-1999


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