Bamberger; Wheelwright, Chemische Berichte, 1892, vol. 25, p. 3202
作者:Bamberger、Wheelwright
DOI:——
日期:——
Busch; v. Beust, Chemische Berichte, 1925, vol. 58, p. 443
作者:Busch、v. Beust
DOI:——
日期:——
Bamberger; Wheelwright, Chemische Berichte, 1892, vol. 25, p. 3205
作者:Bamberger、Wheelwright
DOI:——
日期:——
Severance Payments and Firm-specific Human Capital
作者:Jens Suedekum、Peter Ruehmann
DOI:10.1111/1467-9914.00221
日期:2003.3
What effect does employment protection through severance payments have on the behaviour of employed workers? We analyse this issue within a stochastic two–period framework where workers decide on human capital investments and find two competing effects: severance payments imply higher job security that fosters human capital formation. At the same time, a lay–off is perceived by the workers to be a weaker penalty if severance payments are provided. This incentive lowers their optimal amount of firm–specific investments. Which effect prevails on balance depends on the distribution of investment returns among firm and workers. For strong positive reactions, employment protection is also in the interests of the firm.