TY  - GEN
AU  - Pagés, Carmen
AU  - Montenegro, Claudio E.
TI  - Job Security and the Age-Composition of Employment: Evidence from Chile
PY  - 2010
Y1  - 2010/10/28
DO  - 10.18235/0010721
AB  - 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.
UR  - https://doi.org/10.18235/0010721
ER  -