Articlegreen2007

The interrelated dynamics of unemployment and low‐wage employment

344 citations0/0 files storedJournal of Applied Econometrics

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Labor market dynamics and wage inequality Education and Labor Relations Employment and Welfare Studies

Abstract

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. Copyright © 2007 John Wiley & Sons, Ltd.

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References

1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations 1998Initial conditions and moment restrictions in dynamic panel data models 1995Initial conditions and moment restrictions in dynamic panel data models 1978On the Pooling of Time Series and Cross Section Data 2003Discrete Choice Methods with Simulation 1992Unemployment: macroeconomic performance and the labour market 1992Earnings Losses of Displaced Workers 1981Estimation of Dynamic Models with Error Components

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