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Double-Sided Moral Hazard in Job Displacement Insurance Contracts
job displacement unemployment insurance severance pay moral hazard firing costs
2012/10/23
Job displacement insurance typically includes both unemployment benefits and lump-sum severance pay, and each has provoked policy concerns. Unemployment insurance concerns have centered on distorted j...
Sick workers in many countries receive sick pay during their illness-related absences from the workplace. In several countries, the social security system insures firms against their workers' sickness...