English, Article, Journal or magazine article edition: Severance Payments for Dismissed Employees Severance Payments for Dismissed Employees in Germany Christian Grund

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Bookmark: http://trove.nla.gov.au/version/52449
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Severance Payments for Dismissed Employees Severance Payments for Dismissed Employees in Germany
Author
  • Christian Grund
Physical Description
  • preprint
Notes
  • This contribution investigates severance payments for dismissed employees in Germany. Particularly, it responds to the following questions: Who receives severance payments? By which characteristics is the level of severance payments determined? Is overcompensation to be considered a relevant issue? Hereby, individual and collective dismissals are distinguished. This is the first study on this issue using individual representative data ­ the German Socio-Economic Panel ­ and multivariate methods. The results indicate that rather women, persons with many years of tenure and working in big firms receive severance payments. There is a huge variance in the size of the payments, which can only partly be explained by tenure, the wage and citizenship. About one quarter of dismissed employees is better off in their following careers independent of having received a severance payment.
  • Severance Payments, Dismissals, Plant closings, Dismissal
  • RePEc:bon:bonedp:bgse4_2004
Language
  • English
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