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 …

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 …

shown that a fixed payment will lower wages, leave employment and welfare unaffected if there are no wage-dependent taxes … firing costs and unemployment benefits are independent of redundancy pay, employment and welfare will rise with redundancy … payments. If these payments are also a function of previous wages, positive employment effects will be mitigated. A …

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 …

collective bargaining reduces employment growth by two to four percentage points per year. Evidence is, however, mostly related … between being covered by a sector-wide bargaining agreement or firm-level contract and employment growth of about one … percentage point per annum. However, the correlation between employment growth and collective bargaining is not robust to the use …

Severance pay is a vital part of employment protection legislation (EPL). We investigate the incidence and level of …

We show that a stronger earnings relationship of unemployment compensation reduces wages and increases employment in an …