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"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.

Severance pay --Case studies. --- Severance pay. --- Unemployment insurance --Case studies. --- Unemployment insurance. --- Severance pay --- Unemployment insurance --- Business & Economics --- Labor & Workers' Economics --- Insurance, Unemployment --- Unemployment benefits --- Unemployment compensation --- Compensation, Dismissal --- Discharge benefits --- Dismissal pay --- Dismissal wage --- Lay-off compensation --- Redundancy payments --- Wages --- Income maintenance programs --- Insurance

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Social policy --- Income --- Labour market --- Developing countries --- Unemployment insurance. --- Supplemental unemployment benefits. --- Severance pay. --- Public works. --- Public works projects --- Buildings --- Construction projects --- Civil engineering --- Compensation, Dismissal --- Discharge benefits --- Dismissal pay --- Dismissal wage --- Lay-off compensation --- Redundancy payments --- Wages --- Unemployment benefits, Supplemental --- Unemployment insurance --- Insurance, Unemployment --- Unemployment benefits --- Unemployment compensation --- Income maintenance programs --- Insurance

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Company law. Associations --- Firms and enterprises --- Economic sociology --- Social law. Labour law --- Organisation for Economic Co-operation and Development --- Industrial relations --- Severance pay --- International business enterprises --- Relations industrielles --- Indemnité de licenciement --- Entreprises multinationales --- Case studies --- Cas, Études de --- Badger Belgium, N.V. --- Corporations, Foreign --- Badger Belgium, NV --- 351.83 --- 351.82*6 --- 658.114 --- -Industrial relations --- -Severance pay --- -Academic collection --- Organisatie voor Economische Samenwerking en Ontwikkeling --- 347.72 --- 658.1 --- 301.188 --- AA / International- internationaal --- BE / Belgium - België - Belgique --- 347.720.1 --- 343.535 --- 338.041 --- Compensation, Dismissal --- Discharge benefits --- Dismissal pay --- Dismissal wage --- Lay-off compensation --- Redundancy payments --- Wages --- Capital and labor --- Employee-employer relations --- Employer-employee relations --- Labor and capital --- Labor-management relations --- Labor relations --- Employees --- Management --- Foreign corporations --- Juristic persons, Foreign --- Aliens --- Business enterprises, Foreign --- Corporation law --- Investments, Foreign --- Corporations --- Arbeidsrecht. Arbeidswetgeving --- Mededingingsrecht. Kartelrecht --- Forms of enterprise in general. Private businesses --- Vennootschapsrecht. Verenigingsrecht --- Ondernemingsvormen --- Sociologie van de economie --- Sociaal recht. Arbeidsrecht --- Aard, definitie, eigenschappen van handelsvennootschappen. Bedrijfspatrimonium. Multinationale bedrijven. --- Bankroet. --- Theorie van de winst. Risico's. Sterfelijkheid van ondernemingen. Afdanking van werknemers. Sluiting. Bedrijfssanering. --- Nationality --- BBNV --- Case studies. --- 658.114 Forms of enterprise in general. Private businesses --- 351.82*6 Mededingingsrecht. Kartelrecht --- 351.83 Arbeidsrecht. Arbeidswetgeving --- Indemnité de licenciement --- Cas, Études de --- Academic collection --- Theorie van de winst. Risico's. Sterfelijkheid van ondernemingen. Afdanking van werknemers. Sluiting. Bedrijfssanering --- Bankroet --- Aard, definitie, eigenschappen van handelsvennootschappen. Bedrijfspatrimonium. Multinationale bedrijven --- Industrial relations - Belgium - Case studies --- Industrial relations - European Economic Community countries --- Corporations, Foreign - European Economic Community countries