Title:

Does the risk matter? The study of the effect of earnings risk on employee mobility in the labour market

Group publication title:

Argumenta Oeconomica

Creator:

Shelest-Szumilas, Olena

Subject and Keywords:

human capital ; investment in training ; earnings risk ; labour market mobility

Description:

Argumenta Oeconomica, 2021, Nr 2 (47), s. 253-269

Abstrakt:

This paper attempts to evaluate some implications of the risk of investment in human capital on employee mobility in the United Kingdom. Previous empirical studies showed that the earnings risk affects individual educational and occupational choices. However, the focus was not on the risk associated with investment in job-related training. Given the fact that training benefits for the employee (return on investment) can hardly be predicted accurately, it was hypothesized that financial (earnings) risk has a significant impact on employee labour market mobility. Using the rich panel data from the eighteen waves of the British Household Panel Survey, the study investigated the effect of the risk on employees’ voluntary job changes. The results indicate that the higher risk of investment in job-related training leads to a higher probability of promotion or finding a new job.

Publisher:

Publishing House of Wroclaw University of Economics and Business

Place of publication:

Wroclaw

Date:

2021

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/aoe.2021.2.11

Language:

eng

Relation:

Argumenta Oeconomica, 2021, Nr 2 (47)

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-SA 4.0

Location:

Uniwersytet Ekonomiczny we Wrocławiu