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Severance Pay Compliance in Indonesia [PDF]
Policy Research Working Papers, 2012 This paper contributes new evidence from two large household surveys on the compliance of firms with severance pay regulations in Indonesia, and the extent to which changes in severance pay regulations could affect employment rigidity. Compliance appears to be low, as only one-third of workers entitled to severance pay report receiving it, and on ...
Vera Brusentsev +2 more
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Managerial replacement strategies and severance pay
Advances in Accounting, 2022This paper demonstrates the benefits to shareholders of offering severance packages to managers. We show that severance pay is not merely a way to coax underperforming managers to step aside. Rather, a manager's efforts can pave the way for the manager's successor, and thereby attract more talented potential replacements.
Brown, Kareen +2 more
exaly +2 more sources
Severance Pay in an Optimal Contract
American Economic Journal: MicroeconomicsWe study the incentive role of severance compensation. In a canonical principal-agent model, we introduce exogenous job destruction risk and show that compensation following job destruction can reduce overall incentive costs. To mitigate the risk of inefficient endogenous termination, agents with low continuation value receive no severance and lose ...
Borys Grochulski +2 more
exaly +2 more sources
The Firing of CEOS and Severance Pay
SSRN Electronic Journal, 2009Stockholders and regulators question whether severance packages are beneficial to stockholders. We study an agency setting where, in period 2, the shareholder can either retain the manager or fire him if a suitable alternative candidate exists. The manager’s effort in period 1 not only determines his productive output but also the probability that a ...
Kareen Brown +2 more
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Optimal Severance Pay with Incomplete Information
Journal of Political Economy, 1985This paper contrasts optimal employment contracts in a world of full information and in a world in which the worker's alternative employment possibilities cannot be observed by the firm. The difference between income and severance pay-that is, the opportunity cost of separating-will be higher in more productive states of nature.
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2014
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 (EPL), such transfers are either ineffective or less efficient than unemployment benefits in providing insurance ...
Boeri, Tito +2 more
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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 (EPL), such transfers are either ineffective or less efficient than unemployment benefits in providing insurance ...
Boeri, Tito +2 more
openaire +1 more source
Severance pay and the accuracy of judgment [PDF]
Economics Bulletin, 2006 We show that the severance pay scheme can serve as bond and improve the welfare. When the authority appropriately adjudges the worker's effort, the increase in a severance payment reduces the shirker''s expected benefit, so that the severance pay works as a bond, which is warranted by the authority.
Kenji Azetsu, Taro Kumagai
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Policy Studies Journal, 1984
ABSTRACTOver the past four years, taxes levied by states on energy production have become a source of contention between the “energy have” and “energy have–not” regions of the nation. The popular notion that the taxes are shifted forward to consumers has gone virtually unchallenged in the policy debate.
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ABSTRACTOver the past four years, taxes levied by states on energy production have become a source of contention between the “energy have” and “energy have–not” regions of the nation. The popular notion that the taxes are shifted forward to consumers has gone virtually unchallenged in the policy debate.
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The effects of income taxation on severance pay
Labour Economics, 2009Abstract Severance pay often results from a bargain between the firm and the employee to avoid or terminate a legal conflict. We theoretically investigate how income taxation affects these negotiations. Using panel data from West Germany and exploiting a change in tax law in 1999, we find that a higher income tax on severance pay reduces the ...
Laszlo Goerke, Markus Pannenberg
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