Employment and Wage Insurance within Firms: Worldwide Evidence
利用跨国企业面板数据，研究政府失业保险与企业内部保险是否相互替代，发现家族企业在公共保险不慷慨时提供更多就业稳定性和工资折扣。
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.