%0 Report
        %A Grund, Christian
%A Martin, Johannes
        %T The Role of Works Councils for Severance Payments
        %D 2017
        %8 2017 Apr
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 10750
        %U https://www.iza.org/publications/dp10750
        %X 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. 
        %K dismissals
%K layoffs
%K plant closings
%K severance pay
%K works councils