seminal study, Lazear (1990) found that contract avoidance of severance pay firing costs was theoretically simple – a bonding …, formal measures of severance-induced firing costs and hiring costs are derived. Firing costs are, it turns out …, systematically less than benefit generosity alone would imply. Moreover their interrelationship with hiring costs, often employed in …

; firing costs …

. -- severance pay ; firing costs ; hiring costs ; separation rate ; employment …

seminal study, Lazear (1990) found that contract avoidance of severance pay firing costs was theoretically simple - a bonding …, formal measures of severance-induced firing costs and hiring costs are derived. Firing costs are, it turns out …, systematically less than benefit generosity alone would imply. Moreover their interrelationship with hiring costs, often employed in …

cost distortions by substituting severance savings plans, which have zero firing costs. Indeed severance insurance plans …

; severance pay ; moral hazard ; firing costs …