Redundancy Payments, Incomplete Labor Contracts, Unemployment and Welfare

It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model a la Mortensen...

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Bibliographic details
Volume: 96
Main Author: Cahuc, Pierre
Zylberberg, André
Format: Paper
Language: English
Place of publication: Bonn Institute for the Study of Labor (IZA) 1999
published in: IZA Discussion paper series Vol. 96
Data of publication: 1999
Online Access: Fulltext
Database: EconStor
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