Mapping and Measuring the Phenomenon of Precariousness in the Labour Market: Challenges and Implications

Petros Kosmas (), Antonis Theocharous, Elias Ioakimoglou, Petros Giannoulis, Maria Panagopoulou, Hristo Andreev and Aggeliki Vatikioti
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Petros Kosmas: School of Management and Economics, Heraclitus Research Centre, Cyprus University of Technology, 30 Arch. Kyprianos Str., Limassol 3036, Cyprus
Antonis Theocharous: School of Management and Economics, Heraclitus Research Centre, Cyprus University of Technology, 30 Arch. Kyprianos Str., Limassol 3036, Cyprus
Elias Ioakimoglou: School of Management and Economics, Heraclitus Research Centre, Cyprus University of Technology, 30 Arch. Kyprianos Str., Limassol 3036, Cyprus
Petros Giannoulis: School of Management and Economics, Heraclitus Research Centre, Cyprus University of Technology, 30 Arch. Kyprianos Str., Limassol 3036, Cyprus
Maria Panagopoulou: School of Management and Economics, Heraclitus Research Centre, Cyprus University of Technology, 30 Arch. Kyprianos Str., Limassol 3036, Cyprus
Hristo Andreev: School of Management and Economics, Heraclitus Research Centre, Cyprus University of Technology, 30 Arch. Kyprianos Str., Limassol 3036, Cyprus
Aggeliki Vatikioti: School of Management and Economics, Heraclitus Research Centre, Cyprus University of Technology, 30 Arch. Kyprianos Str., Limassol 3036, Cyprus

Social Sciences, 2023, vol. 12, issue 2, 1-29

Abstract: This research article presents an empirical model that takes economic vulnerability into consideration to measure and address the phenomenon of precarious work and precariousness. In order to achieve this, three satisfactory indicators were formulated, consisting of both individual and institutional levels and taking into account the country-specific relationships among the variables, depending on country-specific conditions. Based on this, the choice of homeownership is introduced instead of the eligibility for employment benefits. In this way, precarity has been examined as a condition in which precariousness and economic vulnerability intersect and interact. In Cyprus, 9.5% of the workers in Cyprus were classified as precarious, while 4.4% were classified as being in precarity (i.e., precarious and economically vulnerable). The empirical findings revealed that precariousness was related to gender, migration, and the employment sector, which is consistent with the well-known literature. One of the most noteworthy findings was the high number of female migrant domestic workers in Cyprus. In this study, new variables and novel empirical approaches were introduced into the discussion of precarious work and precariousness, which may eventually lead to new theoretical and policy avenues for reducing or eliminating this phenomenon.

Keywords: labour market; precariousness; precarious work; economic vulnerability (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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