Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/302784 
Year of Publication: 
2024
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 444.v2 [Year:] 2024
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Job displacement is a serious earnings risk to long-tenured workers, both through spells of unemployment and through reduced wages on subsequent jobs. Less developed countries often rely exclusively on government mandated employer-provided severance pay to protect displaced workers. Higher income countries usually rely on public unemployment insurance and mandated severance pay. Beyond these options, more administratively demanding plans have been proposed, including UI savings accounts and "actual loss" wage insurance, though real-world experience on either model is lacking.
Subjects: 
job displacement
unemployment insurance
severance pay
wage insurance
UI savings accounts
Persistent Identifier of the first edition: 
Document Type: 
Article

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