countries, we find that family firms feature more stable employment, greater wage flexibility and lower labor cost than non …-family ones. Employment stability in family firms is greater, and the wage discount larger, in countries with more generous public … unemployment insurance: private and public provision of employment insurance are substitutes. …

poor countries experience wage gains that are only 40 percent of the GDP per worker gap, which implies that "country … comparing the wage of the same individual in two different countries. We also provide evidence on and a correction for skill …