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Should employment authorities worry about mergers and acquisitions?

Margolis, David N. - 2006

. 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/10010267376

Legal Restrictions on Buyout Fees : Theory and Evidence from German Soccer

Muehlheusser, Gerd; Frick, Bernd; Feess, Eberhard - 2004

We perform a theoretical and empirical analysis of the impact of transfer fee regulations on professional soccer in Europe. Based on a model on the interaction of moral hazard and heterogeneity, we show (i) how the regulations effect contract durations and wages, (ii) that contracting parties...

Persistent link: https://www.econbiz.de/10010261926

Severance Payments for Dismissed Employees in Germany

Grund, Christian - 2003

This contribution investigates severance payments for dismissed employees in Germany. Subsequent to an overview about …

Persistent link: https://www.econbiz.de/10010261594

What have we learned about the employment effects of severance pay? : Further iterations of Lazear et al.

Addison, John T.; Teixeira, Paulino - 2003

In this study we examine the contribution of severance pay to employment and unemployment development using data on industrialized OECD countries. Our starting point is Lazear?s (1990) empirical dictum that severance payment requirements adversely impact the labor market. We extend his sample...

Persistent link: https://www.econbiz.de/10010261645

Severance Pay and Corporate Finance : Empirical Evidence from a Panel of Austrian and Italian Firms

Cardinale, Mirko; Orszag, Mike - 2004

This paper examines the empirical link between severance pay and corporate finance. Severance pay is an economic debt of the employer and hence should be taken into account by the market in its assessments of risk. Using a hand collected dataset of accounting data from Italy and Austria we find...

Persistent link: https://www.econbiz.de/10010262128

Redundancy Payments, Incomplete Labor Contracts, Unemployment and Welfare

Cahuc, Pierre; Zylberberg, André - 1999

It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model a la...

Persistent link: https://www.econbiz.de/10010262317

From Severance Pay to Self-Insurance: Effects of Severance Payments Savings Accounts in Colombia

Kugler, Adriana D. - 2002

In 1990 Colombia replaced its traditional system of severance payments with a new system of severance payments savings accounts (SPSAs). Although severance payments often are justified on the grounds that they provide insurance against earnings loss, they also increase costs for employers and...

Persistent link: https://www.econbiz.de/10010262813

Transfer Fee Regulations in European Football

Feess, Eberhard; Muehlheusser, Gerd - 2002

We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort incentives in European football. The different regimes, being used until 1995 (?Pre-Bosman? or P), currently in use (?Bosman? or B), and recently approved (?Monti? or M) differ with...

Persistent link: https://www.econbiz.de/10010262824

Earnings-related severance pay

Goerke, Laszlo - 2006

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/10010268052

Employment protection legislation and wages

Leonardi, Marco; Pica, Giovanni - 2007

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/10010268130

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