In an efficiency wage economy, lump-sum severance pay from which shirkers can be excluded raises employment. However … employment effects if effort can be varied continuously. A substitution of the earnings-related for the lump-sum component … reduces employment. Thus, the prevalent form of severance payments in OECD countries might have less advantageous employment …

pension payments. Therefore, such accounts make unemployment less attractive, intensify job search, and raise employment. In … the present paper the wage and employment consequences of UISAs are investigated in a model of collective wage … bargaining creates additional impediments for the positive employment consequences of UISAs. …

that an overall increase in risk aversion contributes to wage moderation and promotes employment. …

that an overall increase in risk aversion contributes to wage moderation and promotes employment. …

pension payments. Therefore, such accounts make unemployment less attractive, intensify job search, and raise employment. In … the present paper the wage and employment consequences of UISAs are investigated in a model of collective wage … bargaining creates additional impediments for the positive employment consequences of UISAs. …

In an efficiency wage economy, lump-sum severance pay from which shirkers can be excluded raises employment. However … employment effects if effort can be varied continuously. A substitution of the earnings-related for the lumpsum component reduces … employment. Thus, the prevalent form of severance payments in OECD countries might have less advantageous employment effects than …