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Reforming severance pay : [electronic resource] an international perspective / Robert Holzmann and Milan Vodopivec, editors.

Publication:
Washington, D.C. : World Bank, c2012.
Format/Description:
Book
1 online resource
Series:
World Bank e-Library.
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Other Title:
World Bank books.
Subjects:
Severance pay -- Case studies.
Severance pay.
Unemployment insurance -- Case studies.
Unemployment insurance.
System Details:
Mode of access: World Wide Web.
Summary:
"Severance pay, a program that provides compensation to workers on termination of employment, is the most widely used income protection program for the unemployed--yet it is often blamed for creating economic inefficiencies such as reducing employment and limiting access to jobs for disadvantaged groups. Reforming Severance Pay: An International Perspective fills the knowledge gap in evaluating the international experience by providing a collection of worldwide overviews and labor market impact assessments, theoretical analyses, and country case studies. The authors summarize the performance of existing severance pay arrangements around the world and discuss recent innovative severance pay reforms in Austria, Chile, and the Republic of Korea. Reforming Severance Pay proposes policy directions based on country characteristics such as folding severance pay of higher income countries into existing social insurance programs and making severance pay a contractual affair between market partners to live up to the efficiency-enhancing device in a knowledge-based economy. For lower income countries, the authors advise reforming severance pay toward realistic benefit levels, strengthening compliance of benefit payments by the employer, and safeguarding minimum benefits. This report will be of interest to policy makers and researchers working on labor market, unemployment benefit, and pension issues; economic policy reform; poverty reduction; and social analysis and policy"--P. [4] of cover.
Contents:
Severance pay under review : key issues, policy conclusions, and research agenda / Robert Holzmann and Milan Vodopivec
Severance pay programs around the world : history, rationale, status, and reforms / Robert Holzmann, Yann Pouget, Milan Vodopivec, and Michael Weber
Mandated severance pay and firing cost distortions : a critical review of the evidence / Donald O. Parsons
The firing cost implications of alternative severance pay designs / Donald O. Parsons
Effects of the Austrian severance pay reform / Helmut Hofer, Ulrich Schuh, and Dominik Walch
Severance pay reform in the Republic of Korea / Jungyoll Yun and Jai-Joon Hur
Unemployment insurance savings accounts in Latin America : overview and assessment / Ana M. Ferrer and W. Craig Riddell
The welfare consequences of alternative designs of unemployment insurance savings accounts / Hugo Hopenhayn and Juan Carlos Hatchondo
The new Chilean unemployment insurance system : combining individual accounts and redistribution in an emerging economy / Solange Berstein, Eduardo Fajnzylber, and Pamela Gana
Reemployment incentives under the Chilean hybrid unemployment benefit program / Gonzalo Reyes, Jan C. van Ours, and Milan Vodopivec.
Notes:
Includes bibliographical references.
Description based on print version record.
Contributor:
Holzmann, Robert.
Vodopivec, Milan.
World Bank.
Other format:
Print Version:
ISBN:
0821388495
0821388517
9780821388495
9780821388518
OCLC:
731913333
Access Restriction:
Restricted for use by site license.