van Dalen, H.P.; Henkens, K. - Tilburg University, Center for Economic Research - 2013
threats by offering short-time work, and by early retirement packages to older workers, in conjunction with buy-outs. The … latter preference is particularly visible in countries where employers perceive the level of employment protection to be high … retirement and buy-outs when downsizing, followed by working time reductions. Wage reductions and administrative dismissal are …