Recent trends in job security and stability

In recent years, the popular press has led us to believe that downsizing and mergers are throwing unprecedented numbers of Americans out of secure jobs. In this paper, we survey current research that addresses these concerns, reconciling the sometimes disparate results of papers examining job tenure and separations, exploring the consequences of involuntary job loss, and reviewing research on trends in part-time, temporary, and contingent employment. There is no evidence of a dramatic change in job security over the last two decades. The various studies do not point to consistent losses in job security for any particular demographic group. Gina Franco, Noah Hochman, Charles Kaljian, Leah McKelvie and Christopher Thompson provided exceptional research assistance. The authors thank Robert Krol, Alec Levenson, and Elaine Reardon for their suggestions. Shirley V. Svorny is also an affiliated scholar at the Milken Institute.