Hombert, Johan; Schoar, Antoinette; Sraer, David Alexandre - 2013
Since 2003, the French unemployment insurance system provides downside insurance to eligible unemployed workers who … employment growth, productivity, and survival rates are similar to entrants pre-reform. New entrepreneurs are also similar in …-for-one, but have higher productivity and value-added than the displaced incumbents. These results highlight the benefits of …
