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http://hdl.handle.net/10419/20116
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| Title: | | Severance Payments for Dismissed Employees in Germany  |
| Authors: | | Grund, Christian |
| Issue Date: | | 2003 |
| Series/Report no.: | | IZA Discussion paper series 875 |
| 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 – 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. |
| Subjects: | | severance payments dismissals plant closings |
| JEL: | | M51 J53 J32 M52 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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