Employment and wage insurance within firms: worldwide evidence
- We investigate the determinants of firms’ implicit insurance to employees, using a difference-in-difference approach: we rely on differences between family and non-family firms to identify the supply of insurance, and exploit variation in unemployment insurance across and within countries to gauge workers’ demand for insurance. Using a firm-level panel from 41 countries, we find that family firms feature more stable employment, greater wage flexibility and lower labor cost than non-family ones. Employment stability in family firms is greater, and the wage discount larger, in countries with more generous public unemployment insurance: private and public provision of employment insurance are substitutes.
| Author: | Andrew Ellul, Marco Pagano, Fabiano Schivardi |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-382873 |
| URL: | http://ssrn.com/abstract=2664009 |
| DOI: | https://doi.org/10.2139/ssrn.2664009 |
| Parent Title (English): | Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 517 |
| Series (Serial Number): | CFS working paper series (517) |
| Publisher: | Center for Financial Studies |
| Place of publication: | Frankfurt, M. |
| Document Type: | Working Paper |
| Language: | English |
| Date of Publication (online): | 2015/09/22 |
| Date of first Publication: | 2015/09/22 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2015/10/08 |
| Tag: | family firms; insurance; risk-sharing; social security; unemployment; wages |
| Issue: | 18 July 2015 |
| Page Number: | 62 |
| HeBIS-PPN: | 366777866 |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Deutsches Urheberrecht |
