We investigate the determinants of firms' implicit insurance to employees, using a difference-indifference approach: we … rely on differences between family and non-family firms to identify the supply of insurance, and exploit variation in … unemployment insurance across and within countries to gauge workers' demand for insurance. Using a firm-level panel from 41 …

contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The … Italian households do not have access to significant insurance beyond self-insurance. …

risk (particularly downside risk), this hints at an insurance-like character of corporate social responsibility: Firms with … low ESG activity need to offer a corresponding risk premium. The perception of ESG as an insurance can be shown to be …