Changes in Job Stability – Evidence from Lifetime Job Histories
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.
Volume (Year): 26 (2013)
Issue (Month): 2 (Autumn)
|Contact details of provider:|| Web page: http://www.taloustieteellinenyhdistys.fi|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Alison L. Booth & Marco Francesconi & Carlos Garcia-Serrano, 1999. "Job Tenure and Job Mobility in Britain," ILR Review, Cornell University, ILR School, vol. 53(1), pages 43-70, October.
- Heckman, James & Singer, Burton, 1984. "A Method for Minimizing the Impact of Distributional Assumptions in Econometric Models for Duration Data," Econometrica, Econometric Society, vol. 52(2), pages 271-320, March.
- 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 1-28, October.
- 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 111-134, May.
- 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.
- 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 309-328, August.
- 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.
- Ann Huff Stevens, 2005. "The More Things Change, The More They Stay the Same: Trends in Long-term Employment in the United States, 1969-2002," NBER Working Papers 11878, National Bureau of Economic Research, Inc.
- Burgess, Simon & Rees, Hedley, 1996. "Job Tenure in Britain 1975-92," Economic Journal, Royal Economic Society, vol. 106(435), pages 334-344, March.
- repec:kap:iaecre:v:12:y:2006:i:3:p:342-357 is not listed on IDEAS
- 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.
- Bergemann, Annette & Mertens, Antje, 2004.
"Job Stability Trends, Layoffs, and Transitions to Unemployment: An Empirical Analysis for West Germany,"
IZA Discussion Papers
1368, Institute for the Study of Labor (IZA).
- 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.
- 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.
- Winkelmann, Rainer & Zimmermann, Klaus F., 1998. "Is Job Stability Declining in Germany? Evidences from Count Data Models," IZA Discussion Papers 1, Institute for the Study of Labor (IZA).
- Daniel Polsky, 1999. "Changing Consequences of Job Separation in the United States," ILR Review, Cornell University, ILR School, vol. 52(4), pages 565-580, July.
- Diebold, Francis X & Neumark, David & Polsky, Daniel, 1997. "Job Stability in the United States," Journal of Labor Economics, University of Chicago Press, vol. 15(2), pages 206-233, April.
- Francis X. Diebold & David Neumark & Daniel Polsky, 1994. "Job Stability in the United States," NBER Working Papers 4859, National Bureau of Economic Research, Inc.
- Brown, James N & Light, Audrey, 1992. "Interpreting Panel Data on Job Tenure," Journal of Labor Economics, University of Chicago Press, vol. 10(3), pages 219-257, July.
- Kenneth A. Swinnerton & Howard Wial, 1995. "Is Job Stability Declining in the U.S. Economy?," ILR Review, Cornell University, ILR School, vol. 48(2), pages 293-304, January.
- Lancaster, Tony, 1979. "Econometric Methods for the Duration of Unemployment," Econometrica, Econometric Society, vol. 47(4), pages 939-956, July. Full references (including those not matched with items on IDEAS)