After the ‘Shake-Out’

MacKay, D. I.

doi:10.1093/oxfordjournals.oep.a041213

Cited by 25 publications

(8 citation statements)

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“…Again the weight of the evidence points to a fairly solid conclusionthat downward movements in occupational status are dominant, although a considerable amount of upward mobility is also observed. The studies of Daniel (1972), Herron (1975), MacKay (1972, Wedderburn (1965), Wilcock and Franke (1963), Hammerman (1964), Foltman (1968), and Deery and coworkers (1968), all support this general contention. The likelihood of occupational downgrading, not unexpectedly, increases with the amount of time spent in unemployment as the displaced workers increase their willingness to accept changes in their occupation (Gutteridge 1978).…”

Section: Job Searchmentioning

confidence: 93%

“…As a consequence, it can be expected that the earnings loss will be eroded over time. MacKay (1972) pays particular attention to this when he distinguishes between 'job stickers' and 'job snatchers'. 'Job snatchers' will look for any job as a stop-gap measure after redundancy to minimize the period over which income loss occurs, and will then search for other jobs offering better conditions, better pay, and which make more use of their relevant skills.…”

Section: Job Searchmentioning

confidence: 99%

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The Impact of Redundancy on Subsequent Labour Market Experience

Wooden

1988

Journal of Industrial Relations

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In recent years concern with the problems arising from joblessness and redundancy has increased. This article attempts to identify influences on the subsequent labour market experience of workers niade redundant. This study is an extensive review of the case-study evidence on redundancy situations, both in Australia and overseas. It is concluded that the probability and speed of re-employment are affected by the state of the local labour market, the scale of the retrenchments relative to the local labour market, the breadth of the industrial base of the region in which the redundancies occur, the promptness and intensity of job search, and various personal characteristics of the workers involved such as age, skill, education and family status.

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Section: Job Searchmentioning

confidence: 93%

Section: Job Searchmentioning

confidence: 99%

The Impact of Redundancy on Subsequent Labour Market Experience

Wooden

1988

Journal of Industrial Relations

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“…On the other hand, Mackay (1972) has suggested an interesting hypothesis with respect to job search strategy which, if further supported, would shed additional light on the behaviour of job searchers. According to this hypothesis, some job searchers, called «stickers», will accept relatively long periods of unemployment after lay-off in order to find a job comparable to the one previously held in terms of wage and stability of employment.…”

Section: Commentaires Job Search and Wage Behaviourmentioning

confidence: 98%

Job Search and Wage Behaviour

Rondeau¹

1976

Relations industrielles

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“…However, other variables can also be introduced to represent these costs. It has been reported that workers recently hired are more likely to quit (Mackay (1972)). Presumably this is because, having recently searched, information is better and hence search costs are lower for these workers.…”

Section: The Quit Modelmentioning

confidence: 99%

An Econometric Model of Labour Turnover in U.K. Manufacturing Industries 1956-73

Wickens

1978

The Review of Economic Studies

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JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org.. Oxford University Press and The Review of Economic Studies, Ltd. are collaborating with JSTOR to digitize, preserve and extend access to The Review of Economic Studies. INTRODUCTION Considerable interest has attached to the question of what impact various pieces of labour legislation introduced in 1965 and 1966 had on the demand and supply of labour in UK manufacturing. It has been argued that this legislation increased the quasi-fixed costs of labour and decreased the cost of off-the-job search, Bowers et al. (1970, 1972). As a result both the demand and supply of labour was reduced, the latter by raising voluntary quits.A major obstacle to testing these arguments is the absence of time series data in the UK on quits and lay-offs. Despite this lack of data, a three-equation econometric model of labour turnover for UK manufacturing industries is constructed. The model explains engagements, disengagements and quits. The main conclusions are that this legislation affected the quit rate and hence the supply of labour but did not have much impact on the demand for labour. A number of papers exist both on the theory of labour turnover, Mortensen (1970), Parsons (1973), Burdett (1976), Nickell (1976) and Pissarides (1976) (see also Wickens (1974) for a discussion of employment dynamics), and on econometric models of labour turnover for the US, Hammermesh (1969), Hall (1972), Pencavel (1972) and Parsons (1973).But very little empirical work exists for the UK, presumably in part because of the lack of data on quits. Bowers et al. (1970, 1972) have studied for the UK the relationship between labour turnover and output but their model is poorly specified and estimated.A number of interesting methodological issues arise in this paper. First, there is the problem of building models even where there is no data on several critical variables. Second, the econometric model that is estimated is an incomplete model, having more endogenous variables than equations. Cross-equation restrictions are a further complication. The estimator used was non-linear subsystem LIML, which is asymptotically efficient given the information available.The paper is set out as follows. The structural equations for labour turnover are derived in Section 2 and for the quit rate in Section 3. In Section 4 we consider the possible influence of the labour legislation upon the structural equations. The problem of estimating the model and the results are discussed in Section 5.

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After the ‘Shake-Out’

Cited by 25 publications

References 0 publications

The Impact of Redundancy on Subsequent Labour Market Experience

The Impact of Redundancy on Subsequent Labour Market Experience

Job Search and Wage Behaviour

An Econometric Model of Labour Turnover in U.K. Manufacturing Industries 1956-73

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