Insecurity on the Labor Market

Andrew E. Clark

Review of Income and Wealth, 2024, vol. 70, issue 4, 914-933

Abstract: There is a common feeling that life has become more insecure over time. I here consider this proposition with respect to the labor market. I first discuss how labor‐market insecurity might be measured, and then its potential consequences for individuals. To answer the question of “What Happened,” I then review a number of pieces of evidence regarding developments in the labor market, and perhaps surprisingly find no consistent support for the proposition that the labor market has become significantly more insecure.

Date: 2024
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