IDEAS home Printed from https://ideas.repec.org/a/ozl/journl/v17y2014i2p191-210.html
   My bibliography  Save this article

Who Cares about Job Security?

Author

Listed:
  • Philip S. Morrison

    (Victoria University of Wellington)

Abstract

This paper draws on responses to two job security questions in the World Values Surveys administered in Australia and New Zealand in the 1990s and 2000s in order to identify the degree to which people prioritise and otherwise attach importance to job security. While most people regard job security as an important aspect of any job only about a quarter prioritise ‘a safe job’ above other attributes. In order to identify who cares about job security the two indicators of subjective job security are modelled as a function of people’s education, income, age, and employment status. Not surprisingly, those who care most about job security are those with limited formal education, low incomes, poorer health and older age. However, the degree to which security concerns differ between the most and least vulnerable is relatively small. This reflects the fact that almost all workers are subject to both temporal and spatial variations in labour demand as well as the fact that non-economic factors such as a person’s level of risk aversion can also influence how any given objective measure of job security is appraised subjectively.

Suggested Citation

  • Philip S. Morrison, 2014. "Who Cares about Job Security?," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 17(2), pages 191-210.
    • Handle: RePEc:ozl:journl:v:17:y:2014:i:2:p:191-210
    as

    Download full text from publisher

    File URL: http://ftprepec.drivehq.com/ozl/journl/downloads/AJLE172morrison.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Andrew E. Clark, 1998. "Measures of Job Satisfaction: What Makes a Good Job? Evidence from OECD Countries," OECD Labour Market and Social Policy Occasional Papers 34, OECD Publishing.
    2. Valletta, Robert G, 1999. "Declining Job Security," Journal of Labor Economics, University of Chicago Press, vol. 17(4), pages 170-197, October.
    3. Francis Green & Andrew Dickerson & Alan Carruth & David Campbell, 2001. "An Analysis of Subjective Views of Job Insecurity," Studies in Economics 0108, School of Economics, University of Kent.
    4. Jeff Borland, 2014. "Recent Unemployment Experience in New Zealand," Treasury Working Paper Series 14/01, New Zealand Treasury.
    5. Philip S. Morrison, 2005. "Unemployment and Urban Labour Markets," Urban Studies, Urban Studies Journal Limited, vol. 42(12), pages 2261-2288, November.
    6. Francis Green, 2003. "The Rise and Decline of Job Insecurity," Studies in Economics 0305, School of Economics, University of Kent.
    7. Ralph Fevre, 2007. "Employment insecurity and social theory: the power of nightmares," Work, Employment & Society, British Sociological Association, vol. 21(3), pages 517-535, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Huakang Liang & Wenqian Yang & Tianhong Liu & Fan Xia, 2022. "Demographic Influences on Perceived Stressors of Construction Workers during the COVID-19 Pandemic," IJERPH, MDPI, vol. 19(7), pages 1-17, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sonja C. Kassenboehmer & Sonja G. Schatz, 2014. "Re-employment Expectations and the Eye of Providence," SOEPpapers on Multidisciplinary Panel Data Research 697, DIW Berlin, The German Socio-Economic Panel (SOEP).
    2. Jahn, Elke J. & Wagner, Thomas, 2008. "Job Security as an Endogenous Job Characteristic," Working Papers 08-6, University of Aarhus, Aarhus School of Business, Department of Economics.
    3. Kassenboehmer, Sonja C. & Schatz, Sonja G., 2017. "Re-employment expectations and realisations: Prediction errors and behavioural responses," Labour Economics, Elsevier, vol. 44(C), pages 161-176.
    4. P.N. (Raja) Junankar & Stéphane Mahuteau, 2005. "Do Migrants Get Good Jobs? New Migrant Settlement in Australia," The Economic Record, The Economic Society of Australia, vol. 81(s1), pages 34-46, August.
    5. Yolanda Kodrzycki, 2007. "Using unexpected recalls to examine the long-term earnings effects of job displacement," Working Papers 07-2, Federal Reserve Bank of Boston.
    6. Justin Mgbechi Odinioha Gabriel & L. I. Nwaeke, 2014. "An Empirical Critique of the Association of Organizational Justice and Lecturers’ Quality of Work-Life in Nigeria," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 3(10), pages 774-787.
    7. KonShik Kim, 2023. "The impact of job quality on organizational commitment and job satisfaction: The moderating role of socioeconomic status," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 44(3), pages 773-797, August.
    8. Francis Green & Nicholas Tsitsianis, 2004. "Can the Changing Nature of Jobs Account for National Trends in Job Satisfaction?," Studies in Economics 0406, School of Economics, University of Kent.
    9. Concetta Russo & Marco Terraneo, 2020. "Mental Well-being Among Workers: A Cross-national Analysis of Job Insecurity Impact on the Workforce," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 152(2), pages 421-442, November.
    10. Patrick Francois & Joanne Roberts, 2003. "Contracting Productivity Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(1), pages 59-85.
    11. Caroli, Eve, 2007. "Internal Versus External Labour Flexibility: The Role of Knowledge Codification," National Institute Economic Review, National Institute of Economic and Social Research, vol. 201, pages 107-118, July.
    12. Tatiana Karabchuk, 2020. "Job Instability and Fertility Intentions of Young Adults in Europe: Does Labor Market Legislation Matter?," The ANNALS of the American Academy of Political and Social Science, , vol. 688(1), pages 225-245, March.
    13. repec:pri:cepsud:171farber is not listed on IDEAS
    14. 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.
    15. Yoshihiko Kadoya & Mostafa Saidur Rahim Khan & Somtip Watanapongvanich & Punjapol Binnagan, 2020. "Emotional Status and Productivity: Evidence from the Special Economic Zone in Laos," Sustainability, MDPI, vol. 12(4), pages 1-15, February.
    16. Peter Howie & Zauresh Atakhanova, 2020. "Heterogeneous labor and structural change in low- and middle-income, resource-dependent countries," Economic Change and Restructuring, Springer, vol. 53(2), pages 297-332, May.
    17. Andrea Bassanini & Thomas Breda & Eve Caroli & Antoine Rebérioux, 2010. "Working in family firms: less paid but more secure? Evidence from French matched employer-employee data," Working Papers halshs-00564972, HAL.
    18. Thomas C. Buchmueller & John Dinardo & Robert G. Valletta, 2002. "Union Effects on Health Insurance Provision and Coverage in the United States," ILR Review, Cornell University, ILR School, vol. 55(4), pages 610-627, July.
    19. Junankar, Pramod N. (Raja), 2013. "Is there a Trade-off between Employment and Productivity?," IZA Discussion Papers 7717, Institute of Labor Economics (IZA).
    20. Andrew E. Clark, 2005. "Your Money or Your Life: Changing Job Quality in OECD Countries," British Journal of Industrial Relations, London School of Economics, vol. 43(3), pages 377-400, September.
    21. repec:pri:cepsud:172farber is not listed on IDEAS
    22. Theodossiou, I. & Vasileiou, E., 2007. "Making the risk of job loss a way of life: Does it affect job satisfaction?," Research in Economics, Elsevier, vol. 61(2), pages 71-83, June.

    More about this item

    Keywords

    Insecure work; Subjective job security; Objective job security;
    All these keywords.

    JEL classification:

    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ozl:journl:v:17:y:2014:i:2:p:191-210. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sandie Rawnsley (email available below). General contact details of provider: https://edirc.repec.org/data/becurau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.