Severance pay programs can reduce political opposition and minimize the social costs of labor redundancies. In Egypt, only voluntary programs are feasible because legal limitations preclude layoffs and strong organized labor groups oppose any weakening of job security protections. A common problem with voluntary severance programs, however, is that they tend to overpay workers relative to the welfare losses they experience from displacement. This...
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INFORMATION
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1999/01/01
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Article de revue
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77288
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1
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1
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2013/05/16
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Disclosed
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Matching severance payments with worker losses in the Egyptian public sector
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public sector worker
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