Artikel

How should job displacement wage losses be insured?

Job displacement represents a serious earnings risk to long-tenured workers through lower re-employment wages, and these losses may persist for many years. Moreover, this risk is often poorly insured, although not for a lack of policy interest. To reduce this risk, most countries mandate scheduled wage insurance (severance pay), and it is voluntarily provided in others. Actual-loss wage insurance is uncommon, although perceived difficulties may be overplayed. Both approaches offer the hope of greater consumption smoothing, with actual-loss plans carrying greater promise.

Sprache
Englisch

Erschienen in
Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2018 ; Bonn: Institute of Labor Economics (IZA)

Klassifikation
Wirtschaft
Unemployment Insurance; Severance Pay; Plant Closings
Labor Turnover; Vacancies; Layoffs
Thema
wage insurance
job displacement
severance pay

Ereignis
Geistige Schöpfung
(wer)
Parsons, Donald O.
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2018

DOI
doi:10.15185/izawol.446
Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Parsons, Donald O.
  • Institute of Labor Economics (IZA)

Entstanden

  • 2018

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