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Source: Center for Naval Analysis
Resulting in 1 citation.
1. Trost, Robert P.
The Value of Stable Employment as Inferred from Market Wages
Report, The Public Research Institute, A Division of the Center for Naval Aanalysis, February 1980.
Also: http://www.cna.org/sites/default/files/research/0204410000.pdf
Cohort(s): Older Men
Publisher: Center for Naval Analysis
Keyword(s): Employment; Industrial Sector; Layoffs; Wages

Permission to reprint the abstract has not been received from the publisher.

This paper estimates the value employees place on stable employment. Here the term 'stable employment' means a relatively low probability of temporary and/or permanent layoff. This value is estimated by regressing individual wage rates on exogenous variables and proxy variables for unstable employment. The sign and size of the coefficients on these proxy variables in the wage equation measures the value of stable employment in terms of hourly wage rate. The wage equation is estimated using the Michigan and Older Men's survey data. The results indicate that the wage elasticity with respect to instability is. 3. This means that if one industry is 50 percent more stable than another, then other things equal, the more stable industry would have a 15 percent lower wage rate.
Bibliography Citation
Trost, Robert P. "The Value of Stable Employment as Inferred from Market Wages." Report, The Public Research Institute, A Division of the Center for Naval Aanalysis, February 1980.