@misc{9782,
title = {Job Security and the Age-Composition of Employment: Evidence from Chile},
author = {Pagés, Carmen and Montenegro, Claudio E.},
year = {2010},
doi = {10.18235/0010721},
abstract = {This paper develops a simple model to analyze the impact of tenure-based severance payments on firms' hiring and firing decisions. The findings are that under certain conditions, this feature leads to a Last-in First-out firing policy. Also, reforms that increase the slope of the severance-tenure profile tend to increase the probabilities of dismissal of low tenure workers.},
url = {https://doi.org/10.18235/0010721}
}