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Multiple Job Holding as a 'Hedge' Against Unemployment

Author

Listed:
  • Bell, David
  • Hart, Robert A
  • Wright, Robert E

Abstract

This paper explores a possible link between job security and multiple job-holding in the United Kingdom. It is argued that an individual may hold a second job if they believe that their primary job has a high risk of termination. The reason is that holding a second job may cushion the financial impact of losing the main source of earnings, especially if there is scope for increasing the number of hours worked in the second job. Data from four waves of the British Household Panel Study are used to test this hypothesis. The empirical analysis provides (at best) very weak evidence in support of hedging behaviour of this type.

Suggested Citation

  • Bell, David & Hart, Robert A & Wright, Robert E, 1997. "Multiple Job Holding as a 'Hedge' Against Unemployment," CEPR Discussion Papers 1626, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:1626
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    Citations

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    Cited by:

    1. Andrew Atherton & João R. Faria & Daniel Wheatley & Dongxu Wu & Zhongmin Wu, 2016. "The decision to moonlight: does second job holding by the self-employed and employed differ?," Industrial Relations Journal, Wiley Blackwell, vol. 47(3), pages 279-299, May.
    2. Alison Preston & Robert E. Wright, 2020. "Exploring the gender difference in multiple job holding," Industrial Relations Journal, Wiley Blackwell, vol. 51(4), pages 301-328, July.
    3. Heineck, Guido & Schwarze, Johannes, 2004. "Fly Me to the Moon: The Determinants of Secondary Jobholding in Germany and the UK," IZA Discussion Papers 1358, Institute of Labor Economics (IZA).
    4. Zhongmin Wu & Mark Baimbridge & Yu Zhu, 2009. "Multiple job holding in the United Kingdom: evidence from the British Household Panel Survey," Applied Economics, Taylor & Francis Journals, vol. 41(21), pages 2751-2766.
    5. Böheim, René & Taylor, Mark P., 2004. "And in the Evening She's a Singer with the Band – Second Jobs, Plight or Pleasure?," IZA Discussion Papers 1081, Institute of Labor Economics (IZA).
    6. Helen Robinson & Jonathan Wadsworth, 2007. "Impact Of The Minimum Wage On The Incidence Of Second Job Holding In Britain," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(4), pages 553-574, September.
    7. Amuedo-Dorantes, Catalina & Kimmel, Jean, 2005. "Moonlighting Behavior over the Business Cycle," IZA Discussion Papers 1671, Institute of Labor Economics (IZA).
    8. Petri Böckerman, 2004. "Perception of Job Instability in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 67(3), pages 283-314, July.
    9. Chung Choe & Ronald L. Oaxaca & Francesco Renna, 2018. "Constrained vs unconstrained labor supply: the economics of dual job holding," Journal of Population Economics, Springer;European Society for Population Economics, vol. 31(4), pages 1279-1319, October.
    10. Ilias Livanos & Alexandros Zangelidis, 2012. "Multiple Job-holding among Male Workers in Greece," Regional Studies, Taylor & Francis Journals, vol. 46(1), pages 119-135, March.
    11. Gregory Gilpin, 2018. "Policy-induced School Calendar Changes and Teacher Moonlighting," CAEPR Working Papers 2018-009, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    12. Pouliakas, Konstantinos & Panos, Georgios & Zangelidis, Alexandros, 2009. "The Inter-Related Dynamics of Dual Job Holding, Human Capital and Occupational Choice," MPRA Paper 16859, University Library of Munich, Germany.
    13. Dickey, Heather & Watson, Verity & Zangelidis, Alexandros, 2009. "What triggers multiple job holding? An experimental investigation," MPRA Paper 17575, University Library of Munich, Germany.
    14. Konstantinos Pouliakas & Wieteke S. Conen, 2023. "Multiple job-holding: Career pathway or dire straits?," IZA World of Labor, Institute of Labor Economics (IZA), pages 3562-3562, December.
    15. Georgios A. Panos & Konstantinos Pouliakas & Alexandros Zangelidis, 2014. "Multiple Job Holding, Skill Diversification, and Mobility," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 53(2), pages 223-272, April.

    More about this item

    Keywords

    Job Insecurity; Labour Supply; Multiple Job-holding; Unemployment;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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