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

Carmen Pages and Claudio Montenegro

No 1093, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: 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.

Keywords: WP-398 (search for similar items in EconPapers)
JEL-codes: E24 J23 J65 (search for similar items in EconPapers)
Date: 1999-09
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Job security and the age-composition of employment: evidence from Chile (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:1093

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