An opportunity cost approach to redundancy compensation: an application to Sri Lanka
AbstractThe 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.
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Bibliographic InfoArticle provided by University of Chile, Department of Economics in its journal Estudios de Economia.
Volume (Year): 21 (1994)
Issue (Month): esp Year 1994 (November)
Compensation package; opportunity cost; Sri Lanka.;
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