Using a firm-level international panel dataset, we study if unemployment insurance offered by the government and by firms are substitutes. We exploit cross-country and time-series variation in public unemployment insurance as a shifter of workers’ demand for insurance within firms, and family vs. non-family ownership as a shifter of firms’ supply of insurance. Our evidence supports the substitutability hypothesis: employment stability in family firms is greater, and the wage discount larger, in countries and periods with less generous public unemployment insurance, while no such substitutability emerges for non-family firms.
|Titolo:||Employment and Wage Insurance within Firms: Worldwide Evidence|
Schivardi, Fabiano (Corresponding)
|Data di pubblicazione:||2018|
|Appare nelle tipologie:||01.1 - Articolo su rivista (Article)|