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Is There Still A Chance Of Finding A Stable Job? Evidence From A University In Southern Italy

Author

Listed:
  • Rosetta Lombardo
  • Giuliana De Luca
  • Giovanni Passarelli

    (Dipartimento di Economia e Statistica, Università della Calabria)

Abstract

Differing characteristics in the labour market and educational system may lead to different outcomes both in terms of the speed of finding a job and of the job’s stability. We investigate whether having occupational specific human capital, as measured by the field of study, is associated with a higher probability of finding a stable job in a labour market which is flexible as regards atypical jobs but highly protective regarding stable jobs. We apply a discrete-time hazard model, taking into account unobservable heterogeneity, to analyse the transition to a stable job of students who graduated from the University of Calabria in 2004, at one, three and five years distance. Main findings indicate that, after controlling for a wide range of characteristics, Economics and Business graduates have a lower probability of finding a stable job than graduates in Engineering, followed by those with a degree in Sciences, Political Science, and Humanities. These results confirm that, even in a deprived area, investing in occupational specific human capital can be seen as an “insurance” against the risk of unemployment or unstable jobs.

Suggested Citation

  • Rosetta Lombardo & Giuliana De Luca & Giovanni Passarelli, 2010. "Is There Still A Chance Of Finding A Stable Job? Evidence From A University In Southern Italy," Working Papers 201021, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    • Handle: RePEc:clb:wpaper:201021
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    File URL: http://www.ecostat.unical.it/RePEc/WorkingPapers/WP21_2010.pdf
    File Function: First version, 2010-11
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    References listed on IDEAS

    as
    1. Jenkins, Stephen P, 1995. "Easy Estimation Methods for Discrete-Time Duration Models," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 57(1), pages 129-138, February.
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    Cited by:

    1. Maria De Paola & Francesca Gioia, 2011. "Risk Aversion And Major Choice: Evidence From Italian Students," Working Papers 201107, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.

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    More about this item

    Keywords

    Discrete time hazard model; Graduate labour market; Stable job; Human capital;
    All these keywords.

    JEL classification:

    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • I20 - Health, Education, and Welfare - - Education - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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