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Work conditions and financial difficulties in post-crisis Europe: Utility versus quality of working life

Author

Listed:
  • Helena Lopes
  • Sérgio Lagoa

    (University Institute of Lisbon (ISCTE-IUL), DINÂMIA’CET-IUL, Portugal)

  • Ana C Santos

    (University of Coimbra, Portugal)

Abstract

This article critically examines the relation between work and utility and challenges the mainstream economic view of well-being as a hedonic state for which work is a less pleasurable trade-off. It proposes a conception of work as a potential source of eudaimonic well-being, providing meaning and contributing to human flourishing and self-realisation. Based on micro-level data, the article shows the relevance of distinguishing between hedonic and eudaimonic well-being by way of comparing the effects of increased financial difficulties and deteriorated work conditions on these two types of well-being in five European Union countries – Germany, Poland, Portugal, Sweden and the UK – in the post global financial crisis years between 2009 and 2014. The article concludes by underlining the political importance of addressing aspects pertaining to the quality of working life and of creating jobs that serve to improve the eudaimonic well-being of citizens. JEL Codes: I31, J28, J81

Suggested Citation

  • Helena Lopes & Sérgio Lagoa & Ana C Santos, 2019. "Work conditions and financial difficulties in post-crisis Europe: Utility versus quality of working life," The Economic and Labour Relations Review, , vol. 30(1), pages 39-58, March.
    • Handle: RePEc:sae:ecolab:v:30:y:2019:i:1:p:39-58
    DOI: 10.1177/1035304619827202
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    References listed on IDEAS

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    1. Luminița RUS & Daniela ZĂPODEANU & Carmen SCORȚE & Sorina MOCIAR-COROIU, 2022. "Indicators And 3r-Type Measures In Overcoming Financial Difficulties Of Companies," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 2(2), pages 153-165, December.

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    More about this item

    Keywords

    Eudaimonia; Germany; global financial crisis; meaningful work; Poland; Portugal; quality of working life; Sweden; United Kingdom; work;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions

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