Earnings-related severance pay
by Laszlo Goerke
"In an efficiency wage economy, lump-sum severance pay from which shirkers can be excluded raises employment. However, severance payments are usually related to wages. It is shown that earnings-related, mandated severance pay will have ambiguous employment effects if effort can be varied continuously. A substitution of the earnings-related for the lump-sum component reduces employment. Thus, the prevalent form of severance payments in OECD countries might have less advantageous employment effects than previously conjectured"--Forschungsinstitut zur Zukunft der Arbeit web site.
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Subjects
Severance pay, Case studies, Wages| Edition | Availability |
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Edition Notes
Title from PDF file as viewed on 8/3/2006.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| December 17, 2020 | Created by MARC Bot | import new book |