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case of employer initiated job separations. According to the extensive literature on Employment Protection Legislation such …
Persistent link: https://www.econbiz.de/10013079741
Displaced workers, especially long tenured workers, face large human capital losses. Private firms frequently offer insurance against this threat in the form of severance pay - scheduled benefits linked in expectation to the worker's human capital loss. We explore this linkage, first reviewing...
Persistent link: https://www.econbiz.de/10013317502
This paper examines how corporate governance reporting corresponds to actual conduct regarding severance payment caps for prematurely departing members of companies' executive boards in Germany. For this purpose, we first evaluate the declarations of conformity for all companies listed in the...
Persistent link: https://www.econbiz.de/10012055931
While most of the literature on employment protection has focused on government-mandated severance pay, it has recently …
Persistent link: https://www.econbiz.de/10010959589
Formal employer-provided severance pay plans became common during the first years of the Great Depression, an apparent reaction to the large-scale layoffs of long-service workers under difficult market conditions. Reasonably consistent series are constructed for severance plan coverage and...
Persistent link: https://www.econbiz.de/10014060331
Economists have concerns about the firing cost implications of mandated severance plans. Analysis reveals that predicted severance plan consequences depend critically on the precise structure of the plan. Whether governments mandate (i) severance insurance plans or (ii) severance savings plans...
Persistent link: https://www.econbiz.de/10013141753
The paper examines severance pay programs around the world by providing the first ever overview of existing programs, examining their historic development, assessing their economic rationale and describing current reform attempts. While a significant part of the paper is devoted to a...
Persistent link: https://www.econbiz.de/10009024587
While most of the literature on employment protection has focused on government-mandated severance pay, it has recently …
Persistent link: https://www.econbiz.de/10011097425
Displaced workers, especially long tenured workers, face large human capital losses. Private firms frequently offer insurance against this threat in the form of severance pay – scheduled benefits linked in expectation to the worker’s human capital loss. We explore this linkage, first...
Persistent link: https://www.econbiz.de/10005762161
provide a comprehensive evaluation of a reform that softened the minimum employment record condition to qualify for UI … benefits in France after 2009. Using administrative panel data matching employment and unemployment spells, we first provide … level – through a jump in transitions from employment to unemployment – and at the macro level – through the scheduling of …
Persistent link: https://www.econbiz.de/10012844065