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...
|Place of publication:||
Bonn Institute for the Study of Labor (IZA) 1999
|published in:||IZA Discussion paper series Vol. 96|
|Data of publication:||1999|
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