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The decline of job security in the 1990s: displacement, anxiety, and their effect on wage growth

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  • Daniel Aaronson
  • Daniel G. Sullivan

Abstract

This article shows that job displacement rates for high-seniority workers and a consistently constructed measure of workers' fears of job loss both rose during the 1990s. It then explores the relationship between these measures of job displacement and worker anxiety and wage growth.

Suggested Citation

  • Daniel Aaronson & Daniel G. Sullivan, 1998. "The decline of job security in the 1990s: displacement, anxiety, and their effect on wage growth," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 22(Q I), pages 17-43.
    • Handle: RePEc:fip:fedhep:y:1998:i:qi:p:17-43:n:v.22no.1
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    Cited by:

    1. Pierre Brochu & Louis-Philippe Morin, 2011. "Union Membership and Perceived Job Insecurity: 30 Years of Evidence from the American General social Survey," Working Papers 1106E, University of Ottawa, Department of Economics.
    2. Lawrence F. Katz & Alan B. Krueger, 1999. "The High-Pressure U.S. Labor Market of the 1990s," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 30(1), pages 1-88.
    3. Moreno Baruffini & Federica Origo, 2014. "Job satisfaction and flexicurity over the business cycle: evidence from Swiss individual-level data," ERSA conference papers ersa14p366, European Regional Science Association.
    4. Petri Böckerman, 2004. "Perception of Job Instability in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 67(3), pages 283-314, July.
    5. Benjamin Artz & Ilker Kaya, 2014. "Job insecurity and job satisfaction in the United States: the case of public sector union workers," Industrial Relations Journal, Wiley Blackwell, vol. 45(2), pages 103-120, March.
    6. Mark Partridge & Jamie Partridge, 2000. "Do Minimum Wage Hikes Raise US Long Term Unemployment? Evidence Using State Minimum Wage Rates," Regional Studies, Taylor & Francis Journals, vol. 33(8), pages 713-726.
    7. Skalli, Ali & Theodossiou, Ioannis & Vasileiou, Efi, 2008. "Jobs as Lancaster goods: Facets of job satisfaction and overall job satisfaction," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(5), pages 1906-1920, October.
    8. Clair Brown & Julia Lane & Timothy Sturgeon, 2013. "Workers' Views of the Impact of Trade on Jobs," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 52(1), pages 1-21, January.
    9. Pierre Brochu & Lu Zhou, 2009. "Is job insecurity on the rise? Evidence from Canadian perception data," Canadian Journal of Economics, Canadian Economics Association, vol. 42(4), pages 1305-1325, November.
    10. James Foster & Rochelle Guttmann, 2018. "Job security perceptions and its effect on wage growth," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 21(3), pages 229-251.
    11. Marcel Garz, 2012. "Job Insecurity Perceptions and Media Coverage of Labor Market Policy," Journal of Labor Research, Springer, vol. 33(4), pages 528-544, December.
    12. Chiara Binelli, 2019. "Employment and Earnings Expectations of Jobless Young Skilled: Evidence from Italy," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 145(1), pages 201-231, August.
    13. Linz, Susan J. & Semykina, Anastasia, 2008. "How do workers fare during transition? Perceptions of job insecurity among Russian workers, 1995-2004," Labour Economics, Elsevier, vol. 15(3), pages 442-458, June.
    14. Edward Bishop Smith & Tanya Menon & Leigh Thompson, 2012. "Status Differences in the Cognitive Activation of Social Networks," Organization Science, INFORMS, vol. 23(1), pages 67-82, February.
    15. Pierre Brochu & Louis-Philippe Morin, 2012. "Union Membership and Perceived Job Insecurity: Thirty Years of Evidence from the American General Social Survey," ILR Review, Cornell University, ILR School, vol. 65(2), pages 263-285, April.
    16. David Campbell & Alan Carruth & Andrew Dickerson & Francis Green, 2007. "Job insecurity and wages," Economic Journal, Royal Economic Society, vol. 117(518), pages 544-566, March.
    17. Vladimir Gimpelson & Aleksey Oshchepkov, 2012. "Does more unemployment cause more fear of unemployment?," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 1(1), pages 1-26, December.
    18. Moreno Baruffini, 2019. "Perceptions of Job Insecurity in Switzerland: Evidence Using Verbal and Numerical Descriptors," IJERPH, MDPI, vol. 16(10), pages 1-18, May.

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