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  1. The impact of institutions on Firms' rejuvenation policies
    early retirement with severance pay versus simple lay-off ; a cross-European analysis
    Autor*in: Fischer, Justina A. V.; Sousa-Poza, Alfonso
    Erschienen: 2010
    Verlag:  Univ., Fac. Economics and Social Science, Chair for Economic Policy, Hamburg

    Early retirement of workers is used by firms as means to rejuvenate their workforces. In principle, workers can either simply be laid off or can be offered an early retirement option combined with a financial bonus. However, dismissing masses of... mehr

    Standort:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Fernleihe:
    keine Fernleihe

    Standort:
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
    Fernleihe:
    keine Fernleihe

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 123 (34)
    Fernleihe:
    keine Fernleihe

     

    Early retirement of workers is used by firms as means to rejuvenate their workforces. In principle, workers can either simply be laid off or can be offered an early retirement option combined with a financial bonus. However, dismissing masses of older workers may be detrimental to social peace and stability and damage the firm's reputation, while entry into early retirement with a severance pay at least maintains the semblance of a worker's voluntary decision. Cross-national analyses of this topic using micro data are, however, widely missing. Using the SHARE (Survey of Health, Aging and Retirement in Europe) data set, this paper fills this gap by investigating to what extent institutional factors such as the generosity of the pension system and strong unions influence firms' rejuvenation policies. Stronger unions appear to lead to a higher likelihood of receiving a severance pay, as does a more generous pension system. In contrast, a higher decrease in wealth accrual leads to a higher probability of simple lay-off. It is concluded that the current reforms which aim at lowering the replacement rate and employment protection will most probably lead to more dismissals of older workers without severance pay. -- Early Retirement ; Involuntary Early Retirement ; Severance Pay ; Social Security ; Pensions ; Employment Protection ; Unions

     
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    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9783940369833
    Weitere Identifier:
    hdl: 10419/42243
    Schriftenreihe: Hamburg contemporary economic discussions ; 34
    Schlagworte: Ältere Arbeitskräfte; Flexible Altersgrenze; Abfindung; Kündigung; Arbeitnehmerschutz; Soziale Sicherheit; Institutionenökonomik; Vergleich; Europa
    Umfang: Online-Ressource (34 S.), graph. Darst.