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Autoren: 
Cristini, Annalisa
Origo, Federica
Pinoli, Sara
Datum: 
2012
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 6348
Zusammenfassung: 
In this paper we study the effect of different degrees of employment protection on absenteeism, paying attention to differences between workers moving from protected jobs to insecure jobs, on the one hand, and workers moving from insecure to secure jobs, on the other hand. Using a large representative sample of Italian workers, we show that workers' reaction in terms of sickness leave is not symmetric: losing protection (bad news) is more effective than gaining it (good news). We claim that this asymmetry is consistent with the behavior of financial markets responding to good and bad news. In our case, workers react in a more prudential way to improvements in their employment status (wait and see strategy), while they do immediately adjust to worsening job security by showing off healthy behavior.
Schlagwörter: 
absenteeism
employment protection
delayed reaction
JEL: 
J22
J41
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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