Job insecurity and wages

• 成果类型: Article
• 署名作者: Campbell, David; Carruth, Alan; Dickerson, Andrew; Green, Francis
• 署名单位: University of Kent; University of Sheffield
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.1468-0297.2007.02029.x
• 发表日期: 2007
• 页码: 544-566
• 关键词: unemployment; perceptions; pay

摘要

This article examines whether subjective expectations of unemployment are reliable indicators of the probability of becoming unemployed and investigates their association with wage growth. We find 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. We then show that unemployment fear predicts future unemployment, above and beyond observed objective variables. High fears of unemployment are found to be associated with significantly lower levels of wage growth for men, but to have no significant link with wage growth for women.