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Perceptions of job security in Australia

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  • Jeff Borland

    ()
    (Department of Economics and Melbourne Institute of Applied Economic and Social Research, The University of Melbourne)

Abstract

This study examines workers' perceptions of job security in Australia between August 1999 and May 2002. It uses a new quarterly survey that asks probabilistic questions on the likelihood of involuntary job loss, and of finding a similar job if involuntary job loss occurs. Workers' perceptions of job security are shown to display significant variation by gender, age, education, and recent job mobility, to vary pro-cyclically with business cycle conditions, and to have decreased significantly from late 2001 onwards - in the period following September 11 and several major corporate collapses in Australia. A comparison with perceptions of job security in the United States finds that there is a cross-country difference in perceptions about the probability of involuntary job loss that appears correlated with the institutional environment in those countries. Finally, there is some evidence that workers' expectations about the environment for making major household expenditure are related to their perceptions of job security.

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Bibliographic Info

Paper provided by Melbourne Institute of Applied Economic and Social Research, The University of Melbourne in its series Melbourne Institute Working Paper Series with number wp2002n16.

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Length: 47 pages
Date of creation: Sep 2002
Date of revision:
Handle: RePEc:iae:iaewps:wp2002n16

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Postal: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne, Victoria 3010 Australia
Phone: +61 3 8344 2100
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Web page: http://www.melbourneinstitute.com/
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  1. Nickell, Stephen & Layard, Richard, 1999. "Labor market institutions and economic performance," Handbook of Labor Economics, Elsevier, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 46, pages 3029-3084 Elsevier.
  2. David Neumark, 2000. "Changes in Job Stability and Job Security: A Collective Effort to Untangle, Reconcile, and Interpret the Evidence," NBER Working Papers 7472, National Bureau of Economic Research, Inc.
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Cited by:
  1. Jeff Borland, 2005. "Transitions to Retirement: A Review," Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne wp2005n03, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.

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