cost) distortions need arise in first-best insurance plans. Their counterexample depends on the functional form of the …

the worker, severance-induced firing cost concerns on excessive labor hoarding by firms. A single period private … generous. Firing cost considerations are less familiar. Because the firm wants to provide benefits, they cannot be "contracted …-best firing cost program limits severance pay only. Together the two constraints create an unpromising contracting environment …

apparent paradox - firing cost effects are modest even without firm avoidance activities. To explore why that should be so … and the economic environment. Although the analysis assumes a fixed benefit mandate, the cost measures are easily extended …

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

Economists have concerns about the firing cost implications of mandated severance plans. Analysis reveals that …) severance insurance plans or (ii) severance savings plans is important; savings plans have no "firing cost" effects on employer … layoff decisions. The firing cost implications of insurance plan are sensitive to the types of job separations that qualify a …

apparent paradox – firing cost effects are modest even without firm avoidance activities. To explore why that should be so … and the economic environment. Although the analysis assumes a fixed benefit mandate, the cost measures are easily extended …

Economists have concerns about the firing cost implications of mandated severance plans. Analysis reveals that …) severance insurance plans or (ii) severance savings plans is important; savings plans have no "firing cost" effects on employer … layoff decisions. The firing cost implications of insurance plan are sensitive to the types of job separations that qualify a …