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Optimal severance payment: theory and practice
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SYSNO ASEP 0024229 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Ostatní články Title Optimal severance payment: theory and practice Title Optimální platba odstupného: teorie a praxe Author(s) Jeong, Byeongju (NHU-N) RID Source Title CERGE-EI Working Paper Series - ISSN 1211-3298
-, č. 255 (2005), s. 1-22Number of pages 22 s. Publication form www - www Language eng - English Country CZ - Czech Republic Keywords severance payment ; optimal separation Subject RIV AH - Economics CEZ AV0Z70850503 - NHU-N (2005-2011) Annotation I present a model in which the employment contract includes severance payment as an instrument for achieving optimal separation between the firm and the worker. I conduct a policy experiment in which the existing unemployment benefits are financed by a separation tax. Under this policy, the actual severance payments need to change only marginally in order to achieve socially optimal separation. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2006
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