Kettemann, Andreas; Kramarz, Francis; Zweimüller, Josef - 2017
This paper evaluates the 2003 Austrian severance-pay reform, often advocated as a role model for structural reforms in … countries plagued by inflexible labor markets and high unemployment. The reform replaced a system with tenure-based severance …-dependent severance payments is structurally estimated using the RD-induced empirical moments. Counterfactual policy experiments suggest …