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Changes in job stability - evidence from lifetime job histories

Author

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  • Uusitalo, Roope
  • Rokkanen, Miikka

Abstract

We 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.

Suggested Citation

  • Uusitalo, Roope & Rokkanen, Miikka, 2010. "Changes in job stability - evidence from lifetime job histories," Working Papers 14, VATT Institute for Economic Research.
  • Handle: RePEc:fer:wpaper:14
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    File URL: https://www.doria.fi/handle/10024/148753
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    Cited by:

    1. Pasi Pyöriä & Satu Ojala, 2016. "Precarious work and intrinsic job quality: Evidence from Finland, 1984–2013," The Economic and Labour Relations Review, , vol. 27(3), pages 349-367, September.
    2. Ossi Korkeamäki & Tomi Kyyrä, 2012. "Institutional rules, labour demand and retirement through disability programme participation," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(2), pages 439-468, January.
    3. Ross Donohue, 2014. "Holland’s constructs in relation to career persistence and career change: A study of Australian managerial and professional workers," Australian Journal of Management, Australian School of Business, vol. 39(2), pages 167-189, May.
    4. Eerola, Essi & Lyytikäinen, Teemu, 2015. "On the role of public price information in housing markets," Regional Science and Urban Economics, Elsevier, vol. 53(C), pages 74-84.

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    JEL classification:

    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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