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An opportunity cost approach to redundancy compensation: an application to Sri Lanka

Author

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  • Ariel Fiszbein

Abstract

The paper proposes the principles which should guide the design of a compensation package for redundant workers following a program of voluntary retrenchment. It is argued that the compensation should be equal to the opportunity cost of leaving the enterprise. Using a simple specification for the opportunity cost, a payment schedule is derived and simulated for the case of Sri Lanka.

Suggested Citation

  • Ariel Fiszbein, 1994. "An opportunity cost approach to redundancy compensation: an application to Sri Lanka," Estudios de Economia, University of Chile, Department of Economics, vol. 21(esp Year ), pages 113-126, November.
    • Handle: RePEc:udc:esteco:v:21:y:1994:i:esp:p:113-126
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    File URL: http://www.econ.uchile.cl/uploads/publicacion/86660e51-a810-44d7-8440-fe5760df6c47.pdf
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    Cited by:

    1. MartÌn Rama, 2002. "The Gender Implications of Public Sector Downsizing: The Reform Program of Vietnam," The World Bank Research Observer, World Bank, vol. 17(2), pages 167-189, September.
    2. World Bank, 2007. "Guinea-Bissau - Public Expenditure Review Update : Enhancing Growth and Fiscal Adjustment Through Civil Service Reform," World Bank Publications - Reports 7736, The World Bank Group.

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