The inter-related dynamics of unemployment and low-wage employment
Stewart, Mark B. (2005) The inter-related dynamics of unemployment and low-wage employment. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.741).
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This paper examines the extent of state dependence in unemployment and the role played in this by intervening low-wage employment. A range of dynamic random and fixed effects estimators are compared. Low-wage employment is found to have almost as large an adverse effect as unemployment on future prospects and the difference in their effects is found to be insignificant. Evidence is presented that low-wage jobs act as the main conduit for repeat unemployment and considerably increases its probability. Obtaining a higher-wage job reduces the increased risk of repeat unemployment to insignificance.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Unemployment, Employment (Economic theory), Employment re-entry, Random dynamical systems, Wage differentials|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Official Date:||December 2005|
|Number of Pages:||32|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
Acemoglu D. 2001. “Good jobs versus bad jobs”, Journal of Labor Economics, 19, 1—21.
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