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 …

normality. For the bottom earners, large income changes are driven equally by hours and wages which is consistent with …, there is no evidence of an added-worker effect but government insurance and income pooling can mitigate the pass-through of …

spells and (ii) reduced reemployment wages. Although full insurance requires both unemployment benefits and wage insurance …, supply difficulties limit actual-loss insurance, and separation packages typically include partial unemployment insurance and … integration of these insurance instruments in this complex planning environment. One important implication: given the structure of …

and car insurance using data from the UK. The main empirical results are: - higher labor income risk induces a higher … demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …

. Job displacement insurance is presumably designed to offset these losses, but evidence suggests that consumption smoothing … reemployment wage insurance could fully cover these losses, but are costly to provide. Severance pay has emerged as a supplemental …, if much criticized, instrument. Moral hazard limitations on unemployment insurance generosity mean that severance pay …

"Using a model with constant relative risk-aversion preferences, endogenous labor supply and partial insurance against … cost associated with missing insurance markets. On the other hand, greater wage dispersion presents opportunities to raise … second moments of the joint distribution over individual wages, consumption and hours"--National Bureau of Economic Research …