Garibaldi, Pietro; Pacelli, Lia - Collegio Carlo Alberto, Università degli Studi di Torino - 2007
This paper analyzes the effect of severance payments on the probability of separation at given tenure, wages and other individual and firm characteristics. It studies a mandatory deferred wage scheme of the Italian labour market (Trattamento di Fine Rapporto, TFR). Deferred wages increase job...