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Author:Campbell, D. (et al.)
Title:Job insecurity and wages
Journal:Economic Journal
2007 : MAR, VOL. 117:518, p. 544-566
Index terms:insecurity
pay
unemployment
Language:eng
Abstract:The paper examines whether subjective expectations of unemployment are reliable indicators of the probability of becoming unemployed and investigates their association with wage growth. It is found that workers' fears of unemployment are increased by their previous unemployment experience and by the unemployment experiences of a close friend, and are associated with other objective indicators of insecure jobs. It is then shown that unemployment fear predicts future unemployment, above and beyond observed objective variables.
SCIMA record nr: 265819
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