Job Security Provisions Employment: Revised Estimates

INDUSTRIAL RELATIONS: A JOURNAL OF ECONOMY AND SOCIETY, Vol. 35, No. 4, October 1996

Posted: 4 May 1998

See all articles by John T. Addison

John T. Addison

University of South Carolina - Moore School of Business - Department of Economics; IZA Institute of Labor Economics

Jean-Luc Grosso

University of South Carolina

Abstract

This paper provides estimates of the effect of statutory severance pay and notice on four labor market outcome indicators, closely following Lazear (1990) but correcting for errors in his dependent variables and covariates. Although we corroborate the directional influence of severance pay for three of the indicators, there is little to suggest that its contribution to rising unemployment is material. Also contrary to Lazear, longer notice appears to be associated with broadly favorable outcomes.

JEL Classification: J23, J32, J33

Suggested Citation

Addison, John T. and Grosso, Jean-Luc, Job Security Provisions Employment: Revised Estimates. INDUSTRIAL RELATIONS: A JOURNAL OF ECONOMY AND SOCIETY, Vol. 35, No. 4, October 1996. Available at SSRN: https://ssrn.com/abstract=3214

John T. Addison (Contact Author)

University of South Carolina - Moore School of Business - Department of Economics ( email )

The Francis M. Hipp Building
1705 College Street
Columbia, SC 29208
United States
803-777-7400 (Phone)
803-777-6876 (Fax)

HOME PAGE: http://mooreschool.sc.edu/moore/economics/profiles/addison.htm

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Jean-Luc Grosso

University of South Carolina

701 Main Street
Columbia, SC 29208
United States

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