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标题：What Have We Learned About The Employment Effects of Severance Pay? Further Iterations of Lazear et al.
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作者：John T. Addison Paulino Teixeira
期刊名称：EIIW Discussion Papers - Diskussionsbeitrag
出版年度：2003
卷号：2003
出版社：Europäisches Institut für Internationale Wirtschaftsbeziehungen, Potsdam
摘要：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) 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.
关键词：labor market institutions, unemployment, severance pay, collective bargaining, employment protection, OECD-countries