IS THERE STILL A CHANCE OF FINDING A STABLE JOB? EVIDENCE FROM A UNIVERSITY IN SOUTHERN ITALY

Rosetta Lombardo (), Giuliana De Luca () and Giovanni Passarelli ()
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Giovanni Passarelli: Dipartimento di Economia e Statistica, Università della Calabria

No 201021, Working Papers from Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF

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.

Keywords: Discrete time hazard model; Graduate labour market; Stable job; Human capital (search for similar items in EconPapers)
JEL-codes: C41 I20 J24 J64 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2010-11
New Economics Papers: this item is included in nep-lab
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Citations: View citations in EconPapers (1)

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