How do workers react to increased job loss fears? The role of training and job mobility

Ronald Bachmann and Roman Klauser

No 1137, Ruhr Economic Papers from RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

Abstract: Labour markets are constantly subject to exogenous factors such as technological change and trade shocks. Beyond their direct effects, these factors are likely to affect workers' fears of losing their job in the foreseeable future. We therefore investigate workers' reactions to increased job loss fears, the determinants of job loss fears, and the interaction of determinants, fears, and workers' reactions. We focus on two potential reactions, training and job mobility, and three potential determinants, trade, robots and unemployment rates. Our analysis shows that increased job loss fears lead to higher job and occupational mobility, but not to higher training participation. Higher import exposure is associated with higher fears, whereas higher robot exposure slightly reduces job loss fears. Our results have important implications for firms and policymakers.

Keywords: Job loss expectations; training; job mobility; occupational mobility (search for similar items in EconPapers)
JEL-codes: D84 J24 J62 M53 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-inv
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:rwirep:312425

DOI: 10.4419/96973319

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