An Analysis of Subjective Views of Job InsecurityFrancis Green (), Andrew Peter Dickerson (), Alan A. Carruth and David Campbell () Studies in Economics from Department of Economics, University of Kent Abstract: In the 1997 and 1998 waves of the British Household Panel Survey, workers are asked to assess their level of job security in terms of the probability of becoming unemployed within the next year. We examine whether these perceptions of insecurity are purely subjective or are systematically related to certain characteristics of the worker and their current job. The responses offered by workers suggest that around 10% are in fear of becoming unemployed, and this fear is not persistently confined to the same workers or to particular occupational groups. Individuals with a history of unemployment and those holding short-term employment contracts are found to report the greatest levels of insecurity. Finally, we find that workers' perceptions of unemployment are strong predictors of actual unemployment experiences occurring in the subsequent year. We therefore conclude that such subjective measures of insecurity do convey useful information that may be used in further analyses of the workings of the labour market. Keywords: unemployment expectations; job satisfaction; cross-section models; panel data (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: http://EconPapers.repec.org/RePEc:ukc:ukcedp:0108 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in Studies in Economics from Department of Economics, University of Kent |
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