scholarly journals Unemployment Risk and Over-Indebtedness: A Micro-Econometric Perspective

2015 ◽  
Author(s):  
Philip Du Caju ◽  
François Rycx ◽  
Ilan Tojerow
Keyword(s):  
Unemployment Risk

scholarly journals A Comprehensive Model of the Relationship between Miners’ Work Commitment, Cultural Emotion and Unemployment Risk Perception

2021 ◽  
Vol 13 (5) ◽  
pp. 2995
Author(s):  
Yonghui Li ◽  
Jiahui Yang ◽  
Meifen Wu ◽  
Jiaqi Wang ◽  
Ruyin Long
Keyword(s):  
Risk Perception ◽  
Psychological Health ◽  
Three Dimensions ◽  
Practical Significance ◽  
Big Five Personality ◽  
Work Commitment ◽  
Coal Miners ◽  
Safety Behavior ◽  
Positive Role ◽  
Unemployment Risk

The psychological health and work commitment of miners are prerequisites to ensuring their sustainable safety behavior, and it is also significant to the sustainable development of coal mines in China. In this context, we conducted a questionnaire survey among coal miners of state-owned coal enterprises to explore the relationships between cultural emotion, unemployment risk perception, Big Five personality traits, and work commitment. The results reveal that (1) cultural emotion and its three dimensions played a significant positive role in promoting work commitment. (2) Unemployment risk perception, policy unemployment risk perception, and individual differential unemployment risk perception had a negative moderating effect. (3) Moreover, work commitment was associated with differences in personality characteristics except for agreeableness. This research is of important theoretical value and practical significance, as it can guide Chinese coal miners to increase their work commitment and thereby improve safety in production.

scholarly journals Economic Distress and Support for Radical Right Parties—Evidence From Sweden

2021 ◽  
pp. 001041402110243
Author(s):  
Sirus H. Dehdari
Keyword(s):  
Market Competition ◽  
Radical Right ◽  
Aggregate Level ◽  
Individual Level ◽  
Skilled Immigrants ◽  
Economic Distress ◽  
Radical Right Parties ◽  
Unemployment Risk ◽  
The Relationship ◽  
High Share

This paper studies the effects of economic distress on support for radical right parties. Using Swedish election data, I show that one layoff notice among low-skilled native-born workers increases, on average, support for the Swedish radical right party the Sweden Democrats by 0.17–0.45 votes. The relationship between layoff notices and support for the Sweden Democrats is stronger in areas with a high share of low-skilled immigrants and in areas with a low share of high-skilled immigrants. These findings are in line with theories suggesting that economically distressed voters oppose immigration as they fear increased labor market competition. In addition, I use individual-level survey data to show that self-reported unemployment risk is positively associated with voting for the Sweden Democrats among low-skilled respondents while the opposite is true for high-skilled respondents, echoing the aggregate-level findings.

Unemployment risk at 2 and 4 years following colorectal cancer diagnosis: a population based study

2016 ◽  
Vol 69 ◽  
pp. 70-76 ◽  
Author(s):  
Yakir Rottenberg ◽  
Navah Z. Ratzon ◽  
Miri Cohen ◽  
Ayala Hubert ◽  
Beatrice Uziely ◽  
...  
Keyword(s):  
Colorectal Cancer ◽  
Cancer Diagnosis ◽  
Population Based ◽  
Population Based Study ◽  
Unemployment Risk

Life-Cycle Asset Allocation and Unemployment Risk

2015 ◽  
Author(s):  
Fabio C. Bagliano ◽  
Carolina Fugazza ◽  
Giovanna Nicodano
Keyword(s):  
Life Cycle ◽  
Asset Allocation ◽  
Unemployment Risk

The effect of partner buffering on the risk of unemployment in Finland

2018 ◽  
Vol 38 (11/12) ◽  
pp. 982-1007
Author(s):  
Oxana Krutova ◽  
Pertti Koistinen ◽  
Tapio Nummi
Keyword(s):  
Sociological Theory ◽  
Labour Force ◽  
Multilevel Modelling ◽  
Employment Protection ◽  
Active Labour Market Policy ◽  
Content Type ◽  
Dual Earner ◽  
Partner Effect ◽  
Unemployment Risk ◽  
The Impact

PurposeThe purpose of this paper is to outline the study to determine whether the dual earner model better offsets the actual risk of unemployment compared to other household models.Design/methodology/approachThe authors linked the partner effect (household type) with macroeconomic institutional settings, such as employment protection, the active labour market policy, economic growth rate and globalisation, to study how these micro- and macro-level factors influence the unemployment risk of individuals.FindingsUsing European Labour Force Survey (EU-LFS) microdata for Finland from 2005 to 2013 and a multilevel modelling technique, the authors found that the partner effect is an important regulator of unemployment risks, but the effect is modified by institutional factors. Dual earners and breadwinners experience a less significant effect from employment protection legislation regulation and other external factors on the increase or decrease in unemployment risk compared to singles. The authors also found that unemployed singles are more exposed and vulnerable to fluctuations caused by economic events.Originality/valueIn this way, this paper contributes to the sociological theory of labour markets and a better understanding of how different household types buffer and mediate the risks of unemployment. The authors used the EU-LFS and novel multilevel analysis statistical solutions to determine the impact of macro- and micro-level factors. The case of Finland may also be of broader interest to researchers and policy-makers because of the long and strong tradition of the dual earner employment pattern and strong macro-economic fluctuations.

scholarly journals Labor and Capital Dynamics under Financing Frictions*

2018 ◽  
Vol 23 (2) ◽  
pp. 279-323 ◽  
Author(s):  
Ryan Michaels ◽  
T Beau Page ◽  
Toni M Whited
Keyword(s):  
Wage Bargaining ◽  
Reduced Form ◽  
Probability Of Default ◽  
External Financing ◽  
Financing Costs ◽  
Financing Frictions ◽  
Investment And Financing ◽  
Unemployment Risk

Abstract We assemble a new, quarterly panel dataset that links firms’ investment and financing to their employment and wages. In the data, wages and leverage are negatively related, both cross-sectionally and within firms. This pattern contradicts models in which firms insure workers against unemployment risk. We reconcile this fact with a model that integrates factor adjustment frictions and wage bargaining with costly external financing. In the model, the probability of default rises with debt. Because default incurs deadweight costs, the expected surplus over which firms and workers bargain falls, thus depressing wages. We show that raising financing costs reduces employment and wages, in line with recent reduced-form evidence.

Optimal Life Cycle Unemployment Insurance

2015 ◽  
Vol 105 (2) ◽  
pp. 816-859 ◽  
Author(s):  
Claudio Michelacci ◽  
Hernán Ruffo
Keyword(s):  
Human Capital ◽  
Life Cycle ◽  
Moral Hazard ◽  
Unemployment Insurance ◽  
Older Workers ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Welfare Gains ◽  
High Return ◽  
Unemployment Risk

We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to accumulate high-return human capital. So unemployment insurance is most valuable to them, while moral hazard is mild. By calibrating a life cycle model with unemployment risk and endogenous search effort, we find that allowing unemployment replacement rates to decline with age yields sizeable welfare gains to US workers. (JEL D91, E24, J13, J64, J65)

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