| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP4914
|
| DP4914 The Term Structure of the Risk-Return Tradeoff |
| John Y Campbell; Luis Viceira
|
| 发表日期 | 2005-02-23
|
| 出版年 | 2005
|
| 语种 | 英语
|
| 摘要 | We construct indicators of the perception of job security for various types of jobs in 12 European countries using individual data from the European Community Household Panel (ECHP). We then consider the relation between reported job security and OECD summary measures of Employment Protection Legislation (EPL) strictness on one hand, and Unemployment Insurance Benefit (UIB) generosity on the other. We find that, after controlling for selection into job types, workers feel most secure in permanent public sector jobs, least secure in temporary jobs, with permanent private sector jobs occupying an intermediate position. We also find that perceived job security in both permanent private and temporary jobs is positively correlated with UIB generosity, while the relationship with EPL strictness is negative: workers feel less secure in countries where jobs are more protected. These correlations are absent for permanent public jobs, suggesting that such jobs are perceived, by and large, to be insulated from labour market fluctuations. |
| 主题 | Labour Economics
|
| 关键词 | Perceived job security
Employment protection legislation
Unemployment insurance benefits
|
| URL | https://cepr.org/publications/dp4914
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533816
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推荐引用方式
GB/T 7714 |
John Y Campbell,Luis Viceira. DP4914 The Term Structure of the Risk-Return Tradeoff. 2005.
|
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