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Plant closings: Lessons from the maine experience
Author(s) -
Baker Andrew M.
Publication year - 1988
Publication title -
human resource management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.888
H-Index - 94
eISSN - 1099-050X
pISSN - 0090-4848
DOI - 10.1002/hrm.3930270304
Subject(s) - severance , legislation , notice , closing (real estate) , politics , payment , port (circuit theory) , economic policy , economics , public administration , business , political science , public economics , labour economics , finance , law , engineering , electrical engineering
This paper discusses the economics behind plant closings, suggests a possible role for public policy to ameliorate the effects of closings in some situations, and reviews Maine's experience with mandatory advance notice of closings and severance payments. The possibility of a less flexible labor market in Maine is noted, as are areas for future research. Finally, the economic and political history of Maine's experience with plant closing legislation is discussed in terms of its implications for similar legislation at the federal level.