Has Job Stability Declined?

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Abstract
Abstract There has recently been a great deal of interest in the question of whether job stability has declined in the United States. However, a satisfactory answer to this question has not been agreed upon. In this article, data from the Panel Study of Income Dynamics (PSID) are examined to bring new evidence to bear on the subject of job stability trends. Using these data, job retention rates for various groups of workers between 1976 and 1992 are calculated. Then, a series of models that relate individual and economic factors to job retention over this period are estimated. These analyses suggest a general but mild decline in job stability during the period. However, trends in job stability vary dramatically across different groups of workers. Most clearly, job stability fell precipitously for black men and fell for men who were high‐school dropouts or who has completed some college.

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