JOB SECURITY AND THE AGE-COMPOSITION OF EMPLOYMENT: EVIDENCE FROM CHILE

This paper develops and tests a mechanism by which job security affects the age-composition of employment. This mechanism is based on the relative costs of dismissing young versus older workers resulting from job security provisions that are related to tenure. Using 39 consecutive annual household-s...

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Autores principales:	Pagés,Carmen, Montenegro,Claudio E
Lenguaje:	English
Publicado:	Universidad de Chile. Departamento de Economía 2007
Materias:	job security employment composition severance pay Chile job tenure
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862007000200001
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spelling	oai:scielo:S0718-528620070002000012008-01-28JOB SECURITY AND THE AGE-COMPOSITION OF EMPLOYMENT: EVIDENCE FROM CHILEPagés,CarmenMontenegro,Claudio E job security employment composition severance pay Chile job tenure This paper develops and tests a mechanism by which job security affects the age-composition of employment. This mechanism is based on the relative costs of dismissing young versus older workers resulting from job security provisions that are related to tenure. Using 39 consecutive annual household-surveys from Chile, we find that job security is associated with a substantial decline in the wage employment-to-population rate of young workers. In contrast, we do not find such a decline in young self-employment rates or in the wage employment rates of older workers. Comparing results for men and women and using measures of relative dismissal costs, we find that the adverse effect of job security on youth employment is driven by the link between severance payments and tenure. We also find that job security does not have a significant impact on overall aggregate employment, participation or unemployment ratesinfo:eu-repo/semantics/openAccessUniversidad de Chile. Departamento de EconomíaEstudios de economía v.34 n.2 20072007-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862007000200001en10.4067/S0718-52862007000200001
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	job security employment composition severance pay Chile job tenure
spellingShingle	job security employment composition severance pay Chile job tenure Pagés,Carmen Montenegro,Claudio E JOB SECURITY AND THE AGE-COMPOSITION OF EMPLOYMENT: EVIDENCE FROM CHILE
description	This paper develops and tests a mechanism by which job security affects the age-composition of employment. This mechanism is based on the relative costs of dismissing young versus older workers resulting from job security provisions that are related to tenure. Using 39 consecutive annual household-surveys from Chile, we find that job security is associated with a substantial decline in the wage employment-to-population rate of young workers. In contrast, we do not find such a decline in young self-employment rates or in the wage employment rates of older workers. Comparing results for men and women and using measures of relative dismissal costs, we find that the adverse effect of job security on youth employment is driven by the link between severance payments and tenure. We also find that job security does not have a significant impact on overall aggregate employment, participation or unemployment rates
author	Pagés,Carmen Montenegro,Claudio E
author_facet	Pagés,Carmen Montenegro,Claudio E
author_sort	Pagés,Carmen
title	JOB SECURITY AND THE AGE-COMPOSITION OF EMPLOYMENT: EVIDENCE FROM CHILE
title_short	JOB SECURITY AND THE AGE-COMPOSITION OF EMPLOYMENT: EVIDENCE FROM CHILE
title_full	JOB SECURITY AND THE AGE-COMPOSITION OF EMPLOYMENT: EVIDENCE FROM CHILE
title_fullStr	JOB SECURITY AND THE AGE-COMPOSITION OF EMPLOYMENT: EVIDENCE FROM CHILE
title_full_unstemmed	JOB SECURITY AND THE AGE-COMPOSITION OF EMPLOYMENT: EVIDENCE FROM CHILE
title_sort	job security and the age-composition of employment: evidence from chile
publisher	Universidad de Chile. Departamento de Economía
publishDate	2007
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862007000200001
work_keys_str_mv	AT pagescarmen jobsecurityandtheagecompositionofemploymentevidencefromchile AT montenegroclaudioe jobsecurityandtheagecompositionofemploymentevidencefromchile
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JOB SECURITY AND THE AGE-COMPOSITION OF EMPLOYMENT: EVIDENCE FROM CHILE

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