Employment and Wage Insurance within Firms: Worldwide Evidence

Andrew Ellul, Marco Pagano and Fabiano Schivardi
Additional contact information
Andrew Ellul: Indiana University
Fabiano Schivardi: LUISS, EIEF and CEPR

CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy

Abstract: 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.

Keywords: risk-sharing; insurance; social security; unemployment; wages; family firms. (search for similar items in EconPapers)
JEL-codes: G32 G38 H53 J65 (search for similar items in EconPapers)
Date: 2014-07-22, Revised 2017-09-16
New Economics Papers: this item is included in nep-bec, nep-ias, nep-lab, nep-lma and nep-ltv
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Citations: View citations in EconPapers (22)

Published in {The Review of Financial Studies}, 2018, 31(4), , pp. 1298–1340

Downloads: (external link)
http://www.csef.it/WP/wp369.pdf (application/pdf)

Related works:
Journal Article: Employment and Wage Insurance within Firms: Worldwide Evidence (2018)
Working Paper: Employment and Wage Insurance within Firms - Worldwide Evidence (2017)
Working Paper: Employment and Wage Insurance within Firms: Worldwide Evidence (2015)
Working Paper: Employment and Wage Insurance within Firms: Worldwide Evidence (2015)
Working Paper: Employment and wage insurance within firms: Worldwide evidence (2015)
Working Paper: Employment and wage insurance within firms: worldwide evidence (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:sef:csefwp:369

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