Job Security Perceptions and the Saving Behavior of German Households

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in

The effects of changes in job insecurity on daily consumption and major life decisions

“…There are both empirical and theoretical reasons to believe that job insecurity and these potential extraorganizational outcomes are related. From an empirical perspective, macro-economic research has pointed out that job insecurity can relate to both spending (Benito, 2006; De Lucia and Meacci, 2005; Stephens, 2004) and saving (job insecurity as a motivation to save monthly income: Bessho and Tobita, 2008; Klemm, 2010). From the theoretical perspective of the Conservation of Resource Theory (COR; Hobfoll, 1989), job security can be identified as a valuable resource (Selenko et al, 2013) and insecurity about continuity in a job situation threatens valued resources, such as salary or social status (Jahoda, 1982).…”

Job Loss Expectations, Durable Consumption and Household Finances: Evidence from Linked Survey Data

“…Stephens Jr (2004) reports some mixed evidence that higher job loss expectations are related to lower food consumption. Klemm (2012) reports mixed evidence for Germany related to household savings. We contribute to this literature by looking at the role of durables (car acquisitions) and savings, both measured in administrative data.…”

Economic Insecurity in Australia: Who is Feeling the Pinch and How?

“…Furthermore, there are consequences of economic insecurity that extend beyond those that experience it directly. For instance, there is evidence that insecure individuals display less effort at work and are more likely to resign their jobs (Ashford et al ., ), and insecurity has been found to motivate precautionary savings (Benito, ; Klemm, ) and affect residential investment (Diaz‐Serrano, ). Therefore, when widespread, the sense of economic stress that individuals experience can have a range of macroeconomic effects which affect labour markets, consumption and the business cycle.…”