@techreport{Grund2004Severance,
abstract = {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 \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 and citizenship. About 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 = {J32; J53; M51; M52; J65; 330; Severance Payments; Dismissals; Plant closings; Dismissal Protection; Abfindung; K\"{u}ndigung; Humankapital; Betriebszugeh\"{o}rigkeit; Sch\"{a}tzung; Deutschland},
language = {eng},
number = {2004,4},
title = {Severance Payments for Dismissed Employees in Germany},
type = {Bonn econ discussion papers},
url = {http://hdl.handle.net/10419/22859},
year = {2004}
}
