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Title:Severance payments and firm-specific human capital PDF Logo
Authors:Rühmann, Peter
Südekum, Jens
Issue Date:2001
Series/Report no.:Diskussionsbeiträge aus dem Volkswirtschaftlichen Seminar der Universität Göttingen 111
Abstract:An increase in legally binding severance payments creates both an incentive and a disincentive for workers to invest in firmspecific human capital. Which effect prevails on balance depends on the productivity of the worker’s human capital investment. For strong positive reactions, increases in severance payments can even be mutually beneficial for workers and firms.
Document Type:Working Paper
Appears in Collections:Diskussionsbeiträge aus dem Volkswirtschaftlichen Seminar, Universität Göttingen

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