Results 221 to 230 of about 36,196 (260)

Noncompetitive labour markets, severance payments and unemployment.

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Firing tax vs severance payments – an unequal comparison [PDF]

Journal of Economic Studies, 2014
Purpose– The purpose of this paper is to compare two elements of lay-off costs in a dynamic model of the labor market and analyze the differences for business cycle dynamics and welfare.Design/methodology/approach– The paper builds a general equilibrium Real Business Cycle model and introduces firing costs and severance payments. Labor market frictions
Dennis Wesselbaum
exaly   +4 more sources

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Severance payments in an economy with frictions

Journal of Monetary Economics, 2001
Abstract We construct a general equilibrium model to evaluate the quantitative effects of severance payments in the presence of contractual and reallocational frictions. Key elements of the model are establishment level dynamics, imperfect insurance markets, and variable search decisions.
Marcelo Veracierto
exaly   +2 more sources

Overcompensation by severance payments

Applied Economics, 2006
An important aim of severance payments is to reduce the economic disadvantages of dismissed employees. However, it may well be the case that a considerable fraction of employees is actually better off, if they are re-employed shortly after their dismissal. This is the first attempt to estimate the relevance of overcompensation by severance payments. It
Christian Grund
exaly   +2 more sources

Severance payments in equilibrium unemployment

Economics Letters, 2007
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Emiko Usui
exaly   +2 more sources

Severance Payments for Dismissed Employees Severance Payments for Dismissed Employees in Germany [PDF]

, 2004
This contribution investigates severance payments for dismissed employees in Germany. Particularly, it responds to the following questions: Who receives severance payments? By which characteristics is the level of severance payments determined? Is overcompensation to be considered a relevant issue?
Christian Grund
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Severance Payment Programs in Latin America

Empirica, 2005
Latin America stands out among different regions in the world for her high employment termination costs. To this contribute both a high level of severance payments and the existence of overlapping benefits. The effectiveness of these protective measures, however, is limited by the size of the informal sector, which, in turn, may be related to ...
Miguel Jaramillo, Jaime Saavedra
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Severance Payment: Incentive or Lethargy Effect?

Scottish Journal of Political Economy, 2013
AbstractThe aim of the paper is to determine the impact of severance payment on the motivation of the worker to make an effort, when there is a risk for him to be dismissed once his effort was made. We highlight through a two‐stage model the various factors which influence the dismissal decision by the firm and the worker's effort, such as the initial ...
Yannick Gabuthy, Eve‐Angéline Lambert, Lionel Thomas   +2 more
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Health insurance and payment systems for severe acute pancreatitis

Journal of Hepato-Biliary-Pancreatic Sciences, 2009
AbstractThe medical insurance system of Japan is based on the Universal Medical Care System guaranteed by the provision of the Article 25 of the Constitution of Japan, which states that “All the people shall have the right to live a healthy, cultural and minimum standard of life.” The health insurance system of Japan comprises the medical insurance ...
Masahiro, Yoshida, Tadahiro, Takada, Koichi, Hirata, Toshihiko, Mayumi, Satoru, Shikata, Kunihiro, Shirai, Yasutoshi, Kimura, Keita, Wada, Hodaka, Amano, Shinju, Arata, Masahiko, Hirota, Kazunori, Takeda, Toshifumi, Gabata, Morihisa, Hirota, Masamichi, Yokoe, Seiki, Kiriyama, Miho, Sekimoto   +16 more
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Severance Payments as a Commitment Device

Journal of Institutional and Theoretical Economics, 2010
The present paper analyzes the role of severance payments in optimal labor contracts, employing an efficiency-wage model with two-sided moral hazard. We show how employers commit to job security for their workers by using severance payments, but that in general, employees are not fully compensated for the loss in income in the event of a layoff.
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