Journal article
The perceived probability of job loss and future labour market outcomes
Seamus McGuinness, Mark Wooden, Markus Hahn
INDUSTRIAL RELATIONS JOURNAL | WILEY | Published : 2014
DOI: 10.1111/irj.12061
Abstract
AbstractLongitudinal survey data are used to test the degree to which worker expectations of future job loss are correlated with changes in labour market status. Three major findings are reported. First, perceived probabilities of expected job loss are only weakly related to both exogenous job separations and subsequent transitions to unemployment and inactivity. Second, while fears of job loss tend to persist across time and job spells, they do so at a highly diminishing rate. Third, quit intentions are strongly correlated with both voluntary separations and transitions to alternative employment, and do not diminish greatly across successive employment spells.
Grants
Awarded by Australian Research Council Discovery
Awarded by Australian Research Council
Funding Acknowledgements
The research reported on in this has been supported, in part, by an Australian Research Council Discovery project (#DP0663362) grant. It makes use of unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The HILDA Survey project was initiated, and is funded, by the Australian Government Department of Families, Housing, Community Services and Indigenous Affairs, and is managed by the Melbourne Institute of Applied Economic and Social Research. The findings and views reported in this article, however, are those of the authors, and should not be attributed to either of these organisations.