@techreport{Grund2003Severance,
abstract = {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 \textendash{} the German Socio-Economic Panel \textendash{} 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.},
author = {Christian Grund},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {M51; J53; J32; M52; 330; severance payments; dismissals; plant closings; Abfindung; K\"{u}ndigung; Humankapital; Betriebszugeh\"{o}rigkeit; Sch\"{a}tzung; Deutschland},
language = {eng},
number = {875},
title = {Severance Payments for Dismissed Employees in Germany},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20116},
year = {2003}
}
