Changes in Job Stability: Evidence from Lifetime Job Histories
AbstractWe use lifetime job histories from the pension records to evaluate changes in job stability in Finland between 1963 and 2004. We specify a duration model and estimate the effects of elapsed duration, age, and calendar time on the hazard of job ending using individual-level panel data spanning over four decades. We find that this hazard increased during the recession years in the early 1990s but has now returned to the level that prevailed in the 1970s. We also demonstrate that the fluctuations in the hazard rate together with the changes in labor market entry rates have complicated dynamic effects on the tenure distribution, and that analysing the changes in job stability based on the elapsed duration of ongoing jobs may be quite misleading.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4721.
Length: 41 pages
Date of creation: Jan 2010
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Other versions of this item:
- Miikka Rokkanen & Roope Uusitalo, 2013. "Changes in Job Stability – Evidence from Lifetime Job Histories," Finnish Economic Papers, Finnish Economic Association, vol. 26(2), pages 36-55, Autumn.
- Miikka Rokkanen & Roope Uusitalo, 2010. "Changes in job stability - evidence from lifetime job histories," Working Papers 14, Government Institute for Economic Research Finland (VATT).
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
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