Job Tenure in Turbulent Times
[Excerpt] Changes in the economic environment over past decades have led to growing concern about decreasing job stability and the disappearance of the ‘job for life’. There is a fear that globalisation and technological progress have led to changes in the labour market, which may in turn have reduced job tenure (defined as the length of time a worker has been continuously employed by the same employer). In addition to these potential long-term trends, the recent economic and financial crisis may also have affected job stability. This study provides a comprehensive picture of the evolution of job tenure between 2002 and 2012. It analyses the entire tenure distribution in terms of mean, short and long tenure using data from the European Union Labour Force Survey (EU-LFS). This is done for the EU27 (minus Malta), by Member State, and for different sociodemographic and job characteristics, examining in particular how tenure evolved before and during the crisis. The link between job tenure and earnings is also investigated.
Europe; job stability; labor market; job tenure