We document the presence of a trade-off between unemployment benefits (UB) and employment protection legislation (EPL) in the provision of insurance against labor market risk. Different countries' locations along this trade-off represent stable, hard to modify, politico-economic equilibria. We...

Family is a primal institution. Family organization (e.g. inheritance rules) can be transmitted over time, or even embedded into newly born economic institutions. We argue that when the family is substituted in one of its economic role by another, perhaps new, institution, the economic...

This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of the within family organization on the original design of the public pension systems. We build a simple OLG model with families featuring either weak or strong internal ties....