Changes in Job Stability: Evidence from Lifetime Job Histories
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.
|Date of creation:||Jan 2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +49 228 3894 223
Fax: +49 228 3894 180
Web page: http://www.iza.org
|Order Information:|| Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany|
References listed on IDEAS
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.:
- 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 206-33, April.
- Brown, James N & Light, Audrey, 1992. "Interpreting Panel Data on Job Tenure," Journal of Labor Economics, University of Chicago Press, vol. 10(3), pages 219-57, July.
- 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 111-34, May.
- 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.
- Lancaster, Tony, 1979. "Econometric Methods for the Duration of Unemployment," Econometrica, Econometric Society, vol. 47(4), pages 939-56, July.
- 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.
- 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).
- Alison L. Booth & Marco Francesconi & Carlos Garcia-Serrano, 1999. "Job tenure and job mobility in Britain," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 53(1), pages 43-70, October.
- Cynthia Bansak & Steven Raphael, 2006. "Have Employment Relationships in the United States Become Less Stable?," International Advances in Economic Research, International Atlantic Economic Society, vol. 12(3), pages 342-357, August.
- 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).
- 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.
- 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 309-28, August.
- 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.
- Daniel Polsky, 1999. "Changing consequences of job separation in the United States," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 52(4), pages 565-580, July.
- 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.
- 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.
- Kenneth A. Swinnerton & Howard Wial, 1995. "Is job stability declining in the U.S. economy?," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 48(2), pages 293-304, January.
- Burgess, Simon & Rees, Hedley, 1996. "Job Tenure in Britain 1975-92," Economic Journal, Royal Economic Society, vol. 106(435), pages 334-44, 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 S1-28, October.
- 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.
When requesting a correction, please mention this item's handle: RePEc:iza:izadps:dp4721. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Fallak)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.