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Job security and employee well-being: Evidence from matched survey and register data

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  • Böckerman, Petri
  • Ilmakunnas, Pekka
  • Johansson, Edvard

Abstract

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. 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 excessive turnover (churning) rate. The results are consistent with the theory of compensating wage differentials, since high uncertainty increases real wages, but high uncertainty has no effect on job satisfaction while not controlling for wages.

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Bibliographic Info

Article provided by Elsevier in its journal Labour Economics.

Volume (Year): 18 (2011)
Issue (Month): 4 (August)
Pages: 547-554

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Handle: RePEc:eee:labeco:v:18:y:2011:i:4:p:547-554

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Web page: http://www.elsevier.com/locate/labeco

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Keywords: Job flows Worker flows Job satisfaction Perceived security Job instability;

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Cited by:
  1. Bryson, Alex & Barth, Erling & Dale-Olsen, Harald, 2012. "Do higher wages come at a price?," Journal of Economic Psychology, Elsevier, vol. 33(1), pages 251-263.
  2. Bassanini, Andrea & Caroli, Eve & Rebérioux, Antoine & Breda, Thomas, 2011. "Working in family firms: less paid but more secure? Evidence from French matched employer-employee data," CEPREMAP Working Papers (Docweb) 1110, CEPREMAP.
  3. Caroli, Eve & Godard, Mathilde, 2014. "Does job insecurity deteriorate health? A causal approach for Europe," Economics Papers from University Paris Dauphine 123456789/13646, Paris Dauphine University.
  4. Petri Böckerman & Mika Maliranta, 2013. "Outsourcing, Occupational Restructuring, and Employee Well-Being: Is There a Silver Lining?," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 52(4), pages 878-914, October.
  5. Nikolaos Georgantzis & Efi Vasileiou, 2012. "Are dangerous jobs paid better? European evidence," Working Papers 2012/18, Economics Department, Universitat Jaume I, Castellón (Spain).
  6. Eve Caroli & Mathilde Godard, 2013. "Does Job Insecurity Deteriorate Health ? A Causal Approach for Europe," Working Papers 2013-13, Centre de Recherche en Economie et Statistique.
  7. repec:hal:wpaper:hal-00784777 is not listed on IDEAS

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