Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/41064
Year of Publication: 
2001
Series/Report no.: 
Diskussionsbeiträge No. 111
Publisher: 
Georg-August-Universität Göttingen, Volkswirtschaftliches Seminar, Göttingen
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

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