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.
Verfasserangaben: | Andrew Ellul, Marco Pagano, Fabiano Schivardi |
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URN: | urn:nbn:de:hebis:30:3-382873 |
URL: | http://ssrn.com/abstract=2664009 |
DOI: | https://doi.org/10.2139/ssrn.2664009 |
Titel des übergeordneten Werkes (Englisch): | Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 517 |
Schriftenreihe (Bandnummer): | CFS working paper series (517) |
Verlag: | Center for Financial Studies |
Verlagsort: | Frankfurt, M. |
Dokumentart: | Arbeitspapier |
Sprache: | Englisch |
Datum der Veröffentlichung (online): | 22.09.2015 |
Datum der Erstveröffentlichung: | 22.09.2015 |
Veröffentlichende Institution: | Universitätsbibliothek Johann Christian Senckenberg |
Datum der Freischaltung: | 08.10.2015 |
Freies Schlagwort / Tag: | family firms; insurance; risk-sharing; social security; unemployment; wages |
Ausgabe / Heft: | 18 July 2015 |
Seitenzahl: | 62 |
HeBIS-PPN: | 366777866 |
Institute: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
DDC-Klassifikation: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
Sammlungen: | Universitätspublikationen |
Lizenz (Deutsch): | ![]() |