Lüchinger, Simon (contributor); Meier, Stephan (contributor) - 2008
protection and face a lower risk of their organization's bankruptcy than do private sector employees. The empirical results for …, we study workers in two sectors of the economy that differ fundamentally in their
exposure to economic shocks—people working in the private sector and those working in the
public … sector. Public sector employees usually enjoy extended dismissal protection and work
in organizations that very rarely go bankrupt.
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Thus, for institutional reasons these workers
face a reduced risk of losing their jobs in comparison with workers in the private sector …