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Changes in Job Stability – Evidence from Lifetime Job Histories

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  • Miikka Rokkanen

    ()
    (MIT)

  • Roope Uusitalo

    ()
    (HECER, University of Helsinki)

Abstract

We use individual-level panel data spanning over 42 years from the pension records to evaluate changes in job stability in Finland between 1963 and 2004. Compared with previous research on job stability we cover much longer period and for some cohorts observe the entire lifetime job histories. These data allow us to study job stability using standard duration models instead of simply examining changes in elapsed tenure. We find that hazard of job loss increased during the recession years in the early 1990s but has then returned to the level that prevailed in the 1970s. We also demonstrate that fluctuations in the hazard rate together with changes in labor market entry rates have complicated dynamic effects on the tenure distribution, and that analysing changes in job stability based on the elapsed duration of ongoing jobs may be quite misleading.

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Bibliographic Info

Article provided by Finnish Economic Association in its journal Finnish Economic Papers.

Volume (Year): 26 (2013)
Issue (Month): 2 (Autumn)
Pages: 36-55

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Handle: RePEc:fep:journl:v:26:y:2013:i:2:p:36-55

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Web page: http://www.taloustieteellinenyhdistys.fi
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  1. Henry S. Farber, 1995. "Are Lifetime Jobs Disappearing? Job Duration in the United States: 1973-1993," NBER Working Papers 5014, National Bureau of Economic Research, Inc.
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  3. Bergemann, Annette & Mertens, Antje, 2004. "Job Stability Trends, Layoffs and Transitions to Unemployment - An Empirical Analysis for West Germany," CEPR Discussion Papers 4792, C.E.P.R. Discussion Papers.
  4. Bratberg, Espen & Salvanes, Kjell Gunnar & Vaage, Kjell, 2006. "Has Job Stability Decreased in Norway?," Working Papers in Economics 11/06, University of Bergen, Department of Economics.
  5. Daniel Polsky, 1999. "Changing consequences of job separation in the United States," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 52(4), pages 565-580, July.
  6. Rainer Winkelmann & Klaus Zimmermann, 1998. "Is job stability declining in Germany? Evidence from count data models," Applied Economics, Taylor & Francis Journals, vol. 30(11), pages 1413-1420.
  7. Gregg, Paul & Wadsworth, Jonathan, 1995. "A Short History of Labour Turnover, Job Tenure, and Job Security, 1975-93," Oxford Review of Economic Policy, Oxford University Press, vol. 11(1), pages 73-90, Spring.
  8. Burgess, Simon & Rees, Hedley, 1996. "Job Tenure in Britain 1975-92," Economic Journal, Royal Economic Society, vol. 106(435), pages 334-44, March.
  9. Kenneth A. Swinnerton & Howard Wial, 1995. "Is job stability declining in the U.S. economy?," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 48(2), pages 293-304, January.
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  12. repec:fth:prinin:384 is not listed on IDEAS
  13. Cynthia Bansak & Steven Raphael, 2006. "Have Employment Relationships in the United States Become Less Stable?," International Advances in Economic Research, Springer, vol. 12(3), pages 342-357, August.
  14. Jaeger, David A & Stevens, Ann Huff, 1999. "Is Job Stability in the United States Falling? Reconciling Trends in the Current Population Survey and Panel Study of Income Dynamics," Journal of Labor Economics, University of Chicago Press, vol. 17(4), pages S1-28, October.
  15. Burgess, Simon & Rees, Hedley, 1997. "Transient Jobs and Lifetime Jobs: Dualism in the British Labour Market," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 59(3), pages 309-28, August.
  16. Gregg, Paul & Wadsworth, Jonathan, 2002. " Job Tenure in Britain, 1975-2000: Is a Job for Life or Just for Christmas?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 64(2), pages 111-34, May.
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Cited by:
  1. Ossi Korkeamäki & Tomi Kyyrä, 2012. "Institutional rules, labour demand and retirement through disability programme participation," Journal of Population Economics, Springer, vol. 25(2), pages 439-468, January.
  2. Essi Eerola & Teemu Lyytikäinen, 2012. "On the role of public price information in housing markets," Working Papers 30, Government Institute for Economic Research Finland (VATT).

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