TY  - RPRT
        AU  - Grund, Christian
AU  - Martin, Johannes
        TI  - The Role of Works Councils for Severance Payments
        PY  - 2017/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 10750
        UR  - https://www.iza.org/publications/dp10750
        AB  - 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. 
        KW  - dismissals
KW  - layoffs
KW  - plant closings
KW  - severance pay
KW  - works councils
        ER  -