Subjective Job Insecurity During the COVID-19 Pandemic in Italy

Abstract

This article studies subjective job insecurity in Italy during the COVID-19 pandemic, which caused structural, economic and policy changes. It employs data drawn from the “Extraordinary Survey on Italian Families in 2020” released by the Bank of Italy in 2021. The work estimates a zero one inflated beta model (ZOIB). The main results show that (1) worsening household economic conditions is associated with an increase in householder workers subjective job insecurity; (2) receiving a wage guarantee fund in 2019 is associated with an increase in subjective job insecurity; and (3) increasing the number of people working from home within the household is associated with an increase in subjective job insecurity. Moreover, having a temporary contract and working in the private sector is associated with an increase in subjective job insecurity.