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Technical Note

Redundancy Pay, a Logical Approach

Pages 441-444 | Published online: 19 Dec 2017
 

Abstract

A model is described which relates redundancy pay to the needs of the employee until his re-employment and to his loss of retirement pension. It has the unexpected effect of discouraging further redundancies in high unemployment areas. The need for a new statistic, the probability of re-employment, from the Department of Employment is expressed.

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