Factors Affecting Job-Loss Anxiety: The Influence of Decent Work Policies and Corporate Sustainability in a Case Study of Economic Crises

Askar Nailevich Mustafin, Galina Nikolaevna Tuguskina, Ivana Kravčáková Vozárová and Rastislav Kotulič ()
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Askar Nailevich Mustafin: Department of Economic Theory and Econometrics, Institute of Management, Economics and Finance, Kazan Federal University, Kazan 420008, Russia
Galina Nikolaevna Tuguskina: Department of Management and Economic Security, Penza State University, Penza 440026, Russia
Ivana Kravčáková Vozárová: Department of Economics and Economy, Faculty of Management and Business, University of Prešov, 08001 Prešov, Slovakia
Rastislav Kotulič: Department of Economics and Economy, Faculty of Management and Business, University of Prešov, 08001 Prešov, Slovakia

Social Sciences, 2023, vol. 12, issue 11, 1-15

Abstract: This study examined the factors affecting the fear of job loss, which is characteristic of various phases of an economic crisis. We used a representative sample of data from the Russia Longitudinal Monitoring Survey-Higher School of Economics for 2007, 2009, 2013, 2015, 2019, and 2021. It was assumed that the factors that determine the level of layoff anxiety are dynamic. The current economic conditions caused by both the COVID-19 pandemic and the growing prerequisites of a new economic crisis in Russia have promoted increased interest in this area. Method: Binary choice models were estimated using the maximum likelihood method with the calculation of average marginal effects. State ownership in the capital of an organization, a high income, job satisfaction, good qualifications, and a positive assessment of one’s health reduce layoff anxiety. The fear of job loss was found to peak at 45 years of age. The factors associated with job insecurity can be permanent or temporary, depending on the phase of the economic cycle. The conclusions of this study may be of interest to the management of organizations interested in increasing the efficiency of labor and production.

Keywords: job loss; unemployment; socio-economic factors; economic crisis; COVID-19 (search for similar items in EconPapers)
JEL-codes: A B N P Y80 Z00 (search for similar items in EconPapers)
Date: 2023
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