Chapter

A monetary measure of worker (in)security

Fabio Berton, Matteo Richiardi and Stefano Sacchi

in The political economy of work security and flexibility

Published by Policy Press

Published in print May 2012 | ISBN: 9781847429070
Published online January 2013 | e-ISBN: 9781447307631 | DOI: http://dx.doi.org/10.1332/policypress/9781847429070.003.0007
A monetary measure of worker (in)security

More Like This

Show all results sharing this subject:

  • Occupations, Professions, and Work

GO

Show Summary Details

Preview

In this chapter the overall level of security enjoyed by every individual worker is measured by summing, over the medium run and in monetary terms, all the benefits they receive, and namely net wages, net social benefits (unemployment, sickness and maternity benefits, mobility and short-time work allowances) and end-of-service allowance (deferred wages accrued during the period). The workers who get less than 60% of the median of the distribution of such monetary measure are then defined as insecure or precarious. In this way a definition of insecurity is provided which brings together statutory as well as empirical elements and which is independent on the type of contract one holds in a given moment in time. This allows empirical study of the relationship between flexibility and insecurity. As expected, a strong positive correlation is found between work flexibility and worker security, although the existence of insecure workers with standard contracts and of secure ones with non-standard arrangements is non-negligible. Moreover, in the absence of social assistance schemes, the efficacy of social insurance provisions to bring workers out of security is found to be limited.

Keywords: Measure of insecurity; Monetary metrics; Mid-term analysis; Distributional analysis; Precariousness; Persistence in precariousness; Efficacy of Social Protection

Chapter.  5810 words.  Illustrated.

Subjects: Occupations, Professions, and Work

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.