IDEAS home Printed from https://ideas.repec.org/p/sin/wpaper/16-a001.html
   My bibliography  Save this paper

A Weibull Analysis of the Current Job Tenure in Taiwan with both Accelerated Failure-Time and Proportional Hazards Matrics

Author

Abstract

Relations of current job tenure, which refers to the length of time in the current role at a specific firm, with firm-specific human capital and their determinants are examined theoretically. The approach of estimation for the survival model is explored by associating Weibulls parametric log-linear duration model with the accelerated life model, as well as both proportional and relative hazards as embedded in Cox's proportional hazards model. By fitting the survivalmodel to household data from the May 2012 Manpower Utilization Survey of Taiwan, the estimation results can be briefly summarized as follows: (1) The duration of the current job tenure appears to be positively associated with formal schooling and general experience levels, government and large-sized firms, typical employment, full-time job, married with spouse present,and the prime agers of 29-44, and hence negatively related to the situations that it otherwise would be, i.e., medium- or small-sized firm, atypical employment, part-time job, single or no spouse status, and the mid and elderly agers of 45-64. (2) The current job tenure of the reference subject fails around 8 times as earlier (or ages around 8 times as fast) as that of the subject with covariates. More interestingly, this implies that the risk that the current job tenure of the subject fails is exposed at a given survival time to only around an eighth times the risk that the current job tenure of the reference subject fails at about an eighth time as earlie as the survival time. (3)Of all the covariates, formal schooling level imposes the greatest positive effect on the time length of current job tenure and hence have the greatest mitigating effect on the risk of current job tenure; conversely, atypical employment imposes the largest negative effect on the time length of current job tenure and hence have the largest increasing effect on the risk of current job tenure. (4) Estimation results from Weibull do have implications similar to correspondingly respective results from both the accelerated failure-time and proportional hazards metrics. JEL Classification: J24, J53, J63

Suggested Citation

  • Feng-fuh Jiang, 2016. "A Weibull Analysis of the Current Job Tenure in Taiwan with both Accelerated Failure-Time and Proportional Hazards Matrics," IEAS Working Paper : academic research 16-A001, Institute of Economics, Academia Sinica, Taipei, Taiwan.
  • Handle: RePEc:sin:wpaper:16-a001
    as

    Download full text from publisher

    File URL: https://www.econ.sinica.edu.tw/~econ/pdfPaper/16-A001.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Current Job Tenure; Weibull Duration Analysis; Accelerated Failure-Time Model; Proportional Hazards; Relative Hazards;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sin:wpaper:16-a001. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: HsiaoyunLiu (email available below). General contact details of provider: https://edirc.repec.org/data/sinictw.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.