On the Measurement of Early Job Insecurity in Europe

Abstract

In the present paper the estimation of different indicators that can be used in order to capture the extent and forms of early job insecurity is studied. This specific matter has been receiving increasing research and policy attention throughout the two last decades. The present study proposes a new composite index for measuring the degree of early job insecurity on the basis of the estimation of the transition probabilities between labour market states and school-to-work transitions, with raw data drawn from the European Union’s Labour Force Survey (EU- LFS) for the year 2014. This indicator captures the whole spectrum of early job insecurity in a single measurement. Thus, an attempt is made to provide a new index of early job insecurity, connecting it also to school-to-work transition probabilities, that captures the extent of early job insecurity.