Job Security and the Age-Composition of Employment: Evidence from Chile

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Job Security and the Age-Composition of Employment: Evidence from Chile

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Title: Job Security and the Age-Composition of Employment: Evidence from Chile
Author: Pagés-Serra, Carmen; Montenegro, Claudio E.; Pagés-Serra, Carmen; Montenegro, Claudio E.; Pagés-Serra, Carmen; Montenegro, Claudio E.; Pagés-Serra, Carmen; Montenegro, Claudio E.; Pagés-Serra, Carmen; Montenegro, Claudio E.
Description: This paper develops a simple model to analyze the impact of tenure-based severance payments on firms' hiring and firing decisions. The findings are that under certain conditions, this feature leads to a Last-in First-out firing policy. Also, reforms that increase the slope of the severance-tenure profile tend to increase the probabilities of dismissal of low tenure workers.
URI: http://saber-prueba.ucab.edu.ve:8080/xmlui/handle/11319/1093
Date: 2014-09-10

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