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Employment and wage insurance within firms: Worldwide evidence

Ellul, Andrew, Pagano, Marco, Schivardi, Fabiano, (2016), ” Employment and wage insurance within firms: Worldwide evidence “, Voxeu, 17 Ιουνίου

Most countries feature some form of government-provided unemployment insurance, but there is an alternative provider of insurance for employees – the firm they work for. This column asks whether the provision of implicit insurance by family firms in particular to employees is a substitute for the provision of explicit insurance by governments. Family firms stabilise employment more than non-family firms, and their insurance provision is greater when the insurance provided by the public sector is less generous.

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