Parsons, Donald O. - Institute for the Study of Labor (IZA) - 2011
The potentially adverse labor market effects of severance pay mandates are a continuing source of policy concern. In a … seminal study, Lazear (1990) found that contract avoidance of severance pay firing costs was theoretically simple – a bonding …, formal measures of severance-induced firing costs and hiring costs are derived. Firing costs are, it turns out …