Compensating displaced workers

Donald Parsons

IZA World of Labor, 2018, No 444, 444

Abstract: Job displacement poses a serious earnings threat to long-tenured workers through unemployment spells and lower re-employment wages. The prevailing method of insuring job displacement losses involves an uncoordinated combination of unemployment insurance and severance pay. Less developed countries often rely exclusively on public mandating of employer severance pay due to the administrative complexity of unemployment insurance systems. If both options are operational, systematic integration of the two is important, although perhaps not possible if severance pay is voluntarily provided.

Keywords: job displacement; unemployment insurance; wage insurance; severance pay (search for similar items in EconPapers)
JEL-codes: J08 J33 J41 J65 (search for similar items in EconPapers)
Date: 2018
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