 Fears and realisations of employment insecurityAndrew Dickerson and Francis Green Labour Economics, 2012, vol. 19, issue 2, 198-210 Abstract: We investigate the validity of subjective data on expectations of job loss and on the probability of re-employment consequent on job loss, by examining associations between expectations and realisations. We find that subjective expectations data reveal private information about subsequent realisations both of job loss and of subsequent re-employment. We also compare the use of verbal and numerical descriptors for subjective probability scales. As predictors of subsequent job loss, the expectations data perform better with numerical than with ordinal verbal descriptors. On average, employees overestimate the chance of losing their job; while they underestimate the difficulty of job replacement. We recommend that survey items on employment insecurity should be explicit about each risk under investigation, and utilise a cardinal probability scale with discrete numerical descriptors. Keywords: Job insecurity; Expectations; Employability; Job loss (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:19:y:2012:i:2:p:198-210 DOI: 10.1016/j.labeco.2011.10.001 Access Statistics for this article Labour Economics is currently edited by A. Ichino More articles in Labour Economics from Elsevier |
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