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dc.contributor.authorHübler, Dominiken_US
dc.contributor.authorHübler, Olafen_US
dc.date.accessioned2007-02-27en_US
dc.date.accessioned2010-07-07T09:52:10Z-
dc.date.available2010-07-07T09:52:10Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/33878-
dc.description.abstractThis paper looks at the wage effects of perceived and objective insecurity in Germany and the UK using the GSOEP and BHPS panels. The distinction between perceived worry about job loss and economic indicators such as regional unemployment rates and the share of temporary contracts is established. The bargaining hypothesis that job security and wages are complements because of union bargaining power and preference is derived from a variant of the right to manage model. This hypothesis is contrasted with Rosen's theory of equalising differences where security and wages are substitutes. The empirical literature surveyed finds evidence for both sides. When addressing a number of econometric issues in earlier studies of the bargaining hypothesis this paper finds strong evidence in favour of the former. Accounting for simultaneous determination of job insecurity and wages significantly negative level effects are found for Germany with some evidence for those in the UK. There is also some evidence for growth rate effects (especially for perceived insecurity), but it does not appear robust. Job insecurity, both perceived and objective is found to have influenced wage development in both countries.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 2241en_US
dc.subject.jelJ28en_US
dc.subject.jelJ31en_US
dc.subject.jelJ63en_US
dc.subject.jelJ81en_US
dc.subject.ddc330en_US
dc.subject.keywordjob security , wages , Germanyen_US
dc.subject.keywordUKen_US
dc.titleIs there a trade-off between job security and wages in Germany and the UK?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn515785415en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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