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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. ISSN 0883-7252

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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

Divisions:

Faculty of Social Sciences > Economics

Journal or Publication Title:

Journal of Applied Econometrics

Publisher:

Wiley-Blackwell Publishing, Inc

ISSN:

0883-7252