Bockerman, Petri and Ilmakunnas, Pekka and Johansson, Edvard (2010): Job security and employee well-being: Evidence from matched survey and register data.
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We examine the effects of establishment- and industry-level labor market turnover on employees’ well-being. The linked employer-employee panel data contain both survey information on employees’ subjective well-being and comprehensive register-based information on job and worker flows. Labor market turbulence decreases well-being as experienced job satisfaction and satisfaction with job security are negatively related to the previous year’s flows. We test for the existence of compensating wage differentials by explaining wages and job satisfaction with average uncertainties, measured by an indicator for a high moving average of past excessive turnover (churning) rate. The results are consistent with compensating wage differentials, since high uncertainty increases real wages, but has no effect on job satisfaction.
|Item Type:||MPRA Paper|
|Original Title:||Job security and employee well-being: Evidence from matched survey and register data|
|Keywords:||job flows; worker flows; job satisfaction; perceived security; job instability|
|Subjects:||J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure; Wage Differentials
J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J63 - Turnover; Vacancies; Layoffs
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J28 - Safety; Job Satisfaction; Related Public Policy
|Depositing User:||Petri Böckerman|
|Date Deposited:||12. Apr 2010 02:03|
|Last Modified:||12. Feb 2013 14:19|
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