@TechReport{iza:izadps:dp10750,
            	author={Grund, Christian and Martin, Johannes},
            	title={The Role of Works Councils for Severance Payments},
            	year={2017},
	month={Apr},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={10750},
            	url={https://www.iza.org/publications/dp10750},
	abstract={Using representative German employee data, we analyse the role of works councils for the incidence of severance payments subsequent to dismissals. While there is a positive relation with severance payments after those dismissals which stem from plant closings, the incidence of a works council is negatively associated with severance pay subsequent to individual layoffs. 
In both cases, we find a negative moderating effect of individuals' higher reemployment chances. We also explore gender differences and differences between the types of previously held jobs. },
	keywords={dismissals;layoffs;plant closings;severance pay;works councils},
            }