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Fears and realisations of employment insecurity

By A. Dickerson and F. Green

Abstract

We investigate the validity of subjective data 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 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 investigation, and utilise a cardinal probability scale with discrete numerical descriptors

Publisher: Department of Economics, University of Sheffield
Year: 2009
OAI identifier: oai:eprints.whiterose.ac.uk:10233

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