JOB TENURE AND ASSET HOLDINGS

The paper examines the impact of housing equity and occupational pensi on scheme membership on job tenure. Using job duration data from the 1 985 General Household Survey, appropriate hazard functions are constru cted and estimated. Housing equity data is constructed from GHS, with appropriate adjustment for selection on house movers. Housing equity h as a negative impact on male job tenure which is more pronounced the l onger the job lasts. In contrast, pension scheme membership raises ave rage tenure, in accordance with other studies, but the results show va riation according to pension scheme characteristics.