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Multiple Job Holding as a 'Hedge' Against Unemployment

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Author Info
Bell, David
Hart, Robert A
Wright, Robert E

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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.

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Publisher Info
Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1626.

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Date of creation: Apr 1997
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Handle: RePEc:cpr:ceprdp:1626

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Related research
Keywords: Job Insecurity; Labour Supply; Multiple Job-holding; Unemployment;

Find related papers by JEL classification:
J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

Cited by:
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  2. Catalina Amuedo-Dorantes & Jean Kimmel, 2005. "Moonlighting Behavior over the Business Cycle," IZA Discussion Papers 1671, Institute for the Study of Labor (IZA). [Downloadable!]
  3. Böckerman, Petri, 2002. "Perception of job instability in Europe," MPRA Paper 4701, University Library of Munich, Germany. [Downloadable!]
  4. repec:ese:iserwp: is not listed on IDEAS
  5. Robinson, Helen & Wadsworth, Jonathan, 2006. "The Impact of the Minimum Wage on the Incidence of Second Job Holding in Britain," Cardiff Economics Working Papers E2006/14, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
    Other versions:
  6. Livanos, Ilias & Zangelidis, Alexandros, 2008. "Multiple-Job Holding Among Male Workers in Greece," MPRA Paper 17031, University Library of Munich, Germany. [Downloadable!]
  7. Catalina Amuedo-Dorantes & Jean Kimmel, 2007. "Moonlighting over the Business Cycle," Working Papers 0028, San Diego State University, Department of Economics. [Downloadable!]
  8. 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. [Downloadable!]
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  9. 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 for the Study of Labor (IZA). [Downloadable!]
  10. Dickey, Heather & Watson, Verity & Zangelidis, Alexandros, 2009. "What triggers multiple job holding? An experimental investigation," MPRA Paper 17575, University Library of Munich, Germany. [Downloadable!]
  11. 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 for the Study of Labor (IZA). [Downloadable!]
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