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Severance Payments for Dismissed Employees in Germany

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dc.creator Grund, Christian
dc.date 2003
dc.date.accessioned 2013-10-16T07:08:46Z
dc.date.available 2013-10-16T07:08:46Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20116
dc.identifier ppn:371069017
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20116
dc.description This contribution investigates severance payments for dismissed employees in Germany. Subsequent to an overview about the legal framework, we respond 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 always 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, firm size and the region. At least one quarter of dismissed employees is better off in their following careers independent of having received a severance payment.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 875
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject M51
dc.subject J53
dc.subject J32
dc.subject M52
dc.subject ddc:330
dc.subject severance payments
dc.subject dismissals
dc.subject plant closings
dc.subject Abfindung
dc.subject Kündigung
dc.subject Humankapital
dc.subject Betriebszugehörigkeit
dc.subject Schätzung
dc.subject Deutschland
dc.title Severance Payments for Dismissed Employees in Germany
dc.type doc-type:workingPaper


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