Explaining the Evolution of Job Tenure in Europe, 1995–2020
During the last quarter century, job tenure in Europe has shortened. Using data from Eurostat Labor Force Surveys of 29 countries from 1995 to 2020 and applying an age-period-cohort decomposition to analyze changes in tenure for specific birth cohorts, this paper shows that tenure has shrunk for cohorts born in more recent years. To account for compositional changes within cohorts, the analysis estimates the probability of holding jobs of different durations, conditional on individual and employment-related characteristics. The estimations demonstrate that, over time, the likelihood of having a medium- or long-term job decreased and holding a short-term job increased. The paper also finds that stricter job protection legislation appears to decrease the probability of holding a short-term job, and higher trade openness and ICT-related technological change are correlated with an increase of that probability.
Main Authors: | , , , , |
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Format: | Working Paper biblioteca |
Language: | English English |
Published: |
World Bank, Washington, DC
2022-10
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Subjects: | JOB TENURE, EUROSTAT LABOR FORCE SURVEY, EMPLOYMENT, LABOR MARKET, LABOR LEGISLATION, TRADE OPENNESS, SHORT-TERM EMPLOYMENT INCREASE, JOB PROTECTION LEGISLATION, LABOR LAW, EMPLOYMENT SECURITY REGULATION, ICT JOB TREND, |
Online Access: | http://documents.worldbank.org/curated/en/099837210132225353/IDU00fffd1290db73048f10a7af09b773884162b http://hdl.handle.net/10986/38155 |
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Summary: | During the last quarter century, job
tenure in Europe has shortened. Using data from Eurostat
Labor Force Surveys of 29 countries from 1995 to 2020 and
applying an age-period-cohort decomposition to analyze
changes in tenure for specific birth cohorts, this paper
shows that tenure has shrunk for cohorts born in more recent
years. To account for compositional changes within cohorts,
the analysis estimates the probability of holding jobs of
different durations, conditional on individual and
employment-related characteristics. The estimations
demonstrate that, over time, the likelihood of having a
medium- or long-term job decreased and holding a short-term
job increased. The paper also finds that stricter job
protection legislation appears to decrease the probability
of holding a short-term job, and higher trade openness and
ICT-related technological change are correlated with an
increase of that probability. |
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