All OECD countries have either legally mandated severance pay or compensations imposed by industry-level bargaining in … transfers are either ineffective or highly distortionary. In this paper we show that mandatory severance is optimal in presence …, economic vs. disciplinary, of the layoff. The second feature is that compensation for unfair dismissal or severance is …

All OECD countries have either legally mandated severance pay or compensations imposed by industry-level bargaining in … transfers are either ineffective or highly distortionary. In this paper we show that mandatory severance is optimal in presence …, economic vs. disciplinary, of the layoff. The second feature is that compensation for unfair dismissal or severance is …

All OECD countries have either legally mandated severance pay or compensations imposed by industry-level bargaining in … transfers are either ineffective or highly distortionary. In this paper we show that mandatory severance is optimal in presence …, economic vs. disciplinary, of the layoff. The second feature is that compensation for unfair dismissal or severance is …

All OECD countries have either legally mandated severance pay or compensations imposed by industry-level bargaining in … transfers are either ineffective or highly distortionary. In this paper we show that mandatory severance is optimal in presence …, economic vs. disciplinary, of the layoff. The second feature is that compensation for unfair dismissal or severance is …

All OECD countries have either legally mandated severance pay or compensations imposed by industry-level bargaining in … market risk. In this paper we show that mandatory severance is optimal in presence of wage deferrals motivated by deterrence … establish a link between optimal severance and efficiency of the legal system and we characterize the effects of shifting the …

This paper analyzes the effect of severance payments on the probability of separation at given tenure, wages and other …