Andrew Ellul, Marco Pagano, Fabiano Schivardi, 17 June 2016

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.

Events

CEPR Policy Research