Fears and realisations of employment insecurity

Andrew Dickerson and Francis Green

No 2009016, Working Papers from The University of Sheffield, Department of Economics

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 of both job loss and of subsequent re-employment. As predictors of subsequent job loss, the expectations data perform better with numerical descriptors than with ordinal verbal descriptors. On average, employees overestimate the chance of losing their job; while they underestimate the difficulty of finding another job as good as the currently-held one. 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 (search for similar items in EconPapers)
JEL-codes: C81 D84 J01 J6 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2009-11, Revised 2009-11
New Economics Papers: this item is included in nep-cbe and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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http://www.shef.ac.uk/economics/research/serps/articles/2009_016.html First version, 2009 (application/pdf)

Related works:
Journal Article: Fears and realisations of employment insecurity (2012)
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