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The interrelated dynamics of unemployment and low-wage employment
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Stewart, Mark B. (2007) The interrelated dynamics of unemployment and low-wage employment. Journal of Applied Econometrics, Vol.22 (No.3). pp. 511-531. doi:10.1002/jae.922
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Official URL: http://dx.doi.org/10.1002/jae.922
Abstract
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: | Journal Article | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences |
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| Divisions: | Faculty of Social Sciences > Economics | ||||
| Journal or Publication Title: | Journal of Applied Econometrics | ||||
| Publisher: | Wiley-Blackwell Publishing, Inc | ||||
| ISSN: | 0883-7252 | ||||
| Official Date: | April 2007 | ||||
| Dates: |
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| Volume: | Vol.22 | ||||
| Number: | No.3 | ||||
| Number of Pages: | 21 | ||||
| Page Range: | pp. 511-531 | ||||
| DOI: | 10.1002/jae.922 | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access | ||||
| Funder: | Leverhulme Trust |
Data sourced from Thomson Reuters' Web of Knowledge
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