TY  - UNPD
A1  - Ellul, Andrew
A1  - Pagano, Marco
A1  - Schivardi, Fabiano
T1  - Employment and wage insurance within firms: worldwide evidence
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 517
N2  - 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.
T3  - CFS working paper series - 517 
KW  - risk-sharing
KW  - insurance
KW  - social security
KW  - unemployment
KW  - wages
KW  - family firms
Y1  - 2015
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/38287
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-382873
UR  - http://ssrn.com/abstract=2664009
IS  - 18 July 2015
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -