Showing 1 - 10 of 1,538
. Second, it examines which individuals from which firms remain with the newly created entity after the takeover. Using a … active in the post-takeover period, with employees of the acquired firm being less likely to remain with the new entity in … the short term after takeover than those of the acquiring firm and with the differences between the two types of firms …
Persistent link: https://www.econbiz.de/10003289882
Persistent link: https://www.econbiz.de/10002093708
Persistent link: https://www.econbiz.de/10001792876
Using representative German employee data, we analyse the role of works councils for the incidence of severance payments subsequent to dismissals. While there is a positive relation with severance payments after those dismissals which stem from plant closings, the incidence of a works council is...
Persistent link: https://www.econbiz.de/10011647651
In an efficiency wage economy, lump-sum severance pay from which shirkers can be excluded raises employment. However, severance payments are usually related to wages. It is shown that earnings-related, mandated severance pay will have ambiguous employment effects if effort can be varied...
Persistent link: https://www.econbiz.de/10003355561
Displaced workers, especially long tenured workers, face large human capital losses. Private firms frequently offer insurance against this threat in the form of severance pay -- scheduled benefits linked in expectation to the worker's human capital loss. We explore this linkage, first reviewing...
Persistent link: https://www.econbiz.de/10003355567
Wage determination under asymmetric information generates inefficiencies due to excess turnover. Severance pay and layoff taxes can improve efficiency. We show that inefficient separations can even be fully removed with fixed separation taxes in the case where the relevant private information is...
Persistent link: https://www.econbiz.de/10003906313
Economists have concerns about the firing cost implications of mandated severance plans. Analysis reveals that predicted severance plan consequences depend critically on the precise structure of the plan. Whether governments mandate (i) severance insurance plans or (ii) severance savings plans...
Persistent link: https://www.econbiz.de/10003968599
The Swedish labour market and social policy is aimed at facilitating flexibility in the labour market. The active labour market policy and the design of the social security pension system are two frequently mentioned examples of that policy. This does not necessarily mean that all policy...
Persistent link: https://www.econbiz.de/10003603598
In a perfect labor market severance payments can have no real effects as they can be undone by a properly designed labor contract (Lazear 1990). We give empirical content to this proposition by estimating the effects of EPL on entry wages and on the tenure-wage profile in a quasi-experimental...
Persistent link: https://www.econbiz.de/10003540033