|
EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/36048
|
| | |
| Title: | | Layoff costs and efficiency with asymmetric information  |
| Authors: | | Delacroix, Alain Wasmer, Etienne |
| Issue Date: | | 2009 |
| Series/Report no.: | | IZA Discussion Papers 4524 |
| Abstract: | | Wage determination under asymmetric information generates inefficiencies due to excess turnover. Severance pay and layoff taxes can improve efficiency. We show that inefficient separations can even be fully removed with fixed separation taxes in the case where the relevant private information is exponentially distributed. |
| Subjects: | | Bargaining asymmetric information employment protection legislation inefficient job separations |
| JEL: | | J41 J60 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-20091105958 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/36048
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|