Arbeitspapier

What have we learned about the employment effects of severance pay? : Further iterations of Lazear et al.

In this study we examine the contribution of severance pay to employment and unemployment development using data on industrialized OECD countries. Our starting point is Lazear?s (1990) empirical dictum that severance payment requirements adversely impact the labor market. We extend his sample period and add to his parsimonious specification a variety of fixed and time-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real indication of adverse effects for (the three) other employment outcomes identified here. Moreover, with the possible exception of collective bargaining coordination, the role of institutions is also more muted than suggested in the literature.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 943

Klassifikation
Wirtschaft
Unemployment Insurance; Severance Pay; Plant Closings
Unemployment: Models, Duration, Incidence, and Job Search
Labor Demand
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Thema
severance pay
employment protection
employment
labor force participation
unemployment
long-term unemployment
Abfindung
Beschäftigungseffekt
Arbeitslosigkeit
Kündigungsschutz
Arbeitsmarktflexibilisierung
Tarifpolitik
Schätzung
OECD-Staaten

Ereignis
Geistige Schöpfung
(wer)
Addison, John T.
Teixeira, Paulino
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2003

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Addison, John T.
  • Teixeira, Paulino
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2003

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