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The social economics of job security

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  • Nancy Bertaux
  • Hervé Queneau

Abstract

Using a social economics perspective, this essay examines the positive and negative effects of job security, insecurity and the perceptions thereof on the welfare of workers, organizations, and society, as well as policy options that could alleviate the negative socio-economic consequences of job insecurity. The essay questions perceived job insecurity as a device to increase worker effort, both on efficiency and ethical grounds. It also suggests that increased perceptions of job insecurity have adversely affected workers' well-being and have undesirable macroeconomic and social effects. Public policy makers and researchers should examine ways to minimize the negative consequences associated with involuntary job loss. They should also consider to what extent both limiting firms' ability to layoff workers and providing incentives to firms that downsize to use alternatives to layoffs are socially desirable.

Suggested Citation

  • Nancy Bertaux & Hervé Queneau, 2002. "The social economics of job security," Forum for Social Economics, Taylor & Francis Journals, vol. 32(1), pages 1-19, January.
    • Handle: RePEc:taf:fosoec:v:32:y:2002:i:1:p:1-19
    DOI: 10.1007/BF02747262
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    Cited by:

    1. Favero, Fausto, 2022. "Political economy of labor market policies for current labor market transformations in Europe," IPE Working Papers 180/2022, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    2. 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.
    3. 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.
    4. Perihan Tüzün & Mustafa Öztürk, 2021. "The Leadership Style of Managers and the Effect of Power Distance Perception on Job Insecurity in Bank Employees: A Research on the Mediating Effect of the Locus of Control," Journal of Social Policy Conferences, Istanbul University, Faculty of Economics, vol. 0(80), pages 67-94, June.

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