Severance Payments and Firm-Specific Human Capital

An increase in legally binding severance payments creates both an incentive and a disincentive for workers to invest in firmspecific human capital. Which effect prevails on balance depends on the productivity of the worker’s human capital investment. For strong positive reactions, increases in severance payments can even be mutually beneficial for workers and firms.

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Year of publication:	2001-11-01
Authors:	Rühmann, Peter ; Südekum, Jens
Institutions:	Volkswirtschaftliches Seminar, Wirtschaftswissenschaftliche Fakultät
Subject:	Severance Payments \| Employment Protection \| Human Capital

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Extent:	application/pdf
Series:	Departmental Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 111 1 pages long
Classification:	J - Labor and Demographic Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005464130