Job Security and the Age-Composition of Employment: Evidence from Chile
This paper develops a simple model to analyze the impact of tenure-based severance payments on firms' hiring and firing decisions. The findings are that under certain conditions, this feature leads to a Last-in First-out firing policy. Also, reforms that increase the slope of the severance-tenure profile tend to increase the probabilities of dismissal of low tenure workers.
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| Format: | Working Papers biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Productivity, E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity, J23 - Labor Demand, J65 - Unemployment Insurance • Severance Pay • Plant Closings, WP-398, |
| Online Access: | http://dx.doi.org/10.18235/0010721 https://publications.iadb.org/en/job-security-and-age-composition-employment-evidence-chile |
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dig-bid-node-97822024-05-30T20:21:26ZJob Security and the Age-Composition of Employment: Evidence from Chile 1999-09-01T00:00:00+0000 http://dx.doi.org/10.18235/0010721 https://publications.iadb.org/en/job-security-and-age-composition-employment-evidence-chile Inter-American Development Bank Productivity E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J23 - Labor Demand J65 - Unemployment Insurance • Severance Pay • Plant Closings WP-398 This paper develops a simple model to analyze the impact of tenure-based severance payments on firms' hiring and firing decisions. The findings are that under certain conditions, this feature leads to a Last-in First-out firing policy. Also, reforms that increase the slope of the severance-tenure profile tend to increase the probabilities of dismissal of low tenure workers. Inter-American Development Bank Carmen Pagés Claudio E. Montenegro Working Papers application/pdf IDB Publications Chile en |
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| collection |
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| country |
Estados Unidos |
| countrycode |
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| component |
Bibliográfico |
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dig-bid |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca Felipe Herrera del BID |
| language |
English |
| topic |
Productivity E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J23 - Labor Demand J65 - Unemployment Insurance • Severance Pay • Plant Closings WP-398 Productivity E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J23 - Labor Demand J65 - Unemployment Insurance • Severance Pay • Plant Closings WP-398 |
| spellingShingle |
Productivity E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J23 - Labor Demand J65 - Unemployment Insurance • Severance Pay • Plant Closings WP-398 Productivity E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J23 - Labor Demand J65 - Unemployment Insurance • Severance Pay • Plant Closings WP-398 Inter-American Development Bank Job Security and the Age-Composition of Employment: Evidence from Chile |
| description |
This paper develops a simple model to analyze the impact of tenure-based severance payments on firms' hiring and firing decisions. The findings are that under certain conditions, this feature leads to a Last-in First-out firing policy. Also, reforms that increase the slope of the severance-tenure profile tend to increase the probabilities of dismissal of low tenure workers. |
| author2 |
Carmen Pagés |
| author_facet |
Carmen Pagés Inter-American Development Bank |
| format |
Working Papers |
| topic_facet |
Productivity E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J23 - Labor Demand J65 - Unemployment Insurance • Severance Pay • Plant Closings WP-398 |
| author |
Inter-American Development Bank |
| author_sort |
Inter-American Development Bank |
| title |
Job Security and the Age-Composition of Employment: Evidence from Chile |
| title_short |
Job Security and the Age-Composition of Employment: Evidence from Chile |
| title_full |
Job Security and the Age-Composition of Employment: Evidence from Chile |
| title_fullStr |
Job Security and the Age-Composition of Employment: Evidence from Chile |
| title_full_unstemmed |
Job Security and the Age-Composition of Employment: Evidence from Chile |
| title_sort |
job security and the age-composition of employment: evidence from chile |
| publisher |
Inter-American Development Bank |
| url |
http://dx.doi.org/10.18235/0010721 https://publications.iadb.org/en/job-security-and-age-composition-employment-evidence-chile |
| work_keys_str_mv |
AT interamericandevelopmentbank jobsecurityandtheagecompositionofemploymentevidencefromchile |
| _version_ |
1809106581437022208 |