We examine the wage effects of perceived and objective job security in Germany and the UK, and find that job security influences the wage development in both countries. We find that British workers react slightly more strongly to perceived security signals, and that the objective job security...

There can be no doubt that job security and wages are intimately linked. From the point of view of workers, they both are desirable attributes of a job. From the point of view of employers, they both are costly to provide. On the level of the economy at large, they are joint outcomes of supply-...