GCC INSURANCE BAROMETER: An Annual Market Survey Conducted On Behalf Of The Qatar Financial Centre Authority

Because larger firms are much more likely to be covered by collective bargaining contracts and works councils, a closely related issue concerns the independent role of firm size in providing wage insurance. As firm size is typically viewed as a good proxy for capital market access (e.g., Gertler and Gilchrist 1994), insurance contracts should be particularly apparent for individuals working at larger employers. In our empirical analysis, we will therefore explicitly attempt to sort firm size from industrial relations explanations using evidence on differential effects of collective bargaining across size classes. When addressing this issue, two conflicting hypotheses can be tested. First, it might be conceivable that due...
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GCC INSURANCE BAROMETER: An Annual Market Survey Conducted On Behalf Of The Qatar Financial Centre Authority