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Non-performance of the Severance Pay Program in Slovenia [PDF]
Financial Theory and Practice, 2009 Combining information from the Firm Survey of Labor Costs with the information about claims filed with the Guarantee Fund by workers whose employers defaulted on their severance pay obligations, the paper analyzes the so-called non-performance problem of
Milan Vodopivec +2 more
doaj +9 more sources
Journal of Public Economics, 2017 Abstract All OECD countries have either legally mandated severance pay or compensations imposed by industry-level bargaining in case of employer initiated job separations. The paper shows that mandatory severance is optimal in presence of wage deferrals induced by workers' moral hazard.
Tito Boeri +2 more
exaly +7 more sources
Earnings-Related Severance Pay [PDF]
SSRN Electronic Journal, 2006 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.
Goerke, Laszlo
core +6 more sources
Privately optimal severance pay [PDF]
The B.E. Journal of Macroeconomics, 2013 This paper constructs an equilibrium matching model with risk-averse workers and incomplete contracts to study both the optimal private provision of severance pay and the consequences of government mandates in excess of the private optimum. The privately-optimal severance payment is bounded below by the fall in lifetime wealth resulting from job loss ...
Fella G, Tyson J
openaire +6 more sources
Understanding severance pay [PDF]
Cuadernos de Economía, 2013 Severance pay, a fixed-sum payment to workers at job separation, has been the focus of intense policy concern for the last several decades, but much of this concern is unearned. The design of the ideal separation package is outlined and severance pay emerges as a natural component of job displacement insurance packages, serving both as scheduled ...
Parsons, Donald A.
core +7 more sources
Job displacement risk and severance pay [PDF]
Journal of Monetary Economics, 2016 Abstract This paper is a quantitative, equilibrium study of the insurance role of severance pay when workers face displacement risk and markets are incomplete. A key feature of our model is that, in line with an established empirical literature, job displacement entails a persistent fall in earnings upon re-employment due to the loss of tenure.
Giulio Fella
exaly +7 more sources
Mandated Versus Negotiated Severance Pay [PDF]
SSRN Electronic Journal, 2014 While most of the literature on employment protection has focused on government-mandated severance pay, it has recently been documented that a substantial share of severance payments derives from private contracts or collective agreements. This paper studies the determination of these payments.
Auray, Stéphane +2 more
openaire +6 more sources
The Economics of Severance Pay [PDF]
SSRN Electronic Journal, 2013 All OECD countries have either legally mandated severance pay or compensations imposed by industry-level bargaining in case of employer initiated job separations. According to the extensive literature on Employment Protection Legislation such transfers are either ineffective or highly distortionary.
Boeri, Tito +2 more
openaire +4 more sources
Matching, Wage Rigidities and Efficient Severance Pay [PDF]
B E Journal of Economic Analysis and Policy, 2012 Abstract This paper studies the effect of mandated severance pay in a matching model featuring wage rigidity for ongoing, but not new, matches. Mandated severance pay matters only if binding real wage rigidities imply inefficient separation under employment at will.
Giulio Fella
exaly +5 more sources
Empirical analysis of the severance pay non-performance in Slovenia [PDF]
Managing Global Transitions, 2009 Combining information from the Firm Survey of Labor Costs with the information about claims filed with the Guarantee Fund by workers whose employers defaulted on their severance pay obligations, the paper analyzes the so-called non-performance problem of severance pay – the fact that coverage, and thus legal entitlement, does not guarantee the actual ...
Milan Vodopivec +2 more
openaire +4 more sources