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The Life Satisfaction Approach to Environmental Valuation

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  • Bruno S. Frey
  • Simon Luechinger
  • Alois Stutzer

    ()
    (University of Basel)

Abstract

The present paper examines the joint effect of fixed-term employment and work organization on job satisfaction using individual-level data from the German Socio-Economic Panel GSOEP). Specifically, we analyze whether workers who are heterogeneous in terms of the type of working contract (fixed-term vs. permanent) do also differ with regard to job satisfaction, when they perform under comparable work organizational conditions. Such information would be quite valuable for employers, because they can learn about the responsiveness of heterogeneous workers to innovative work organizational practices. For this purpose, we at first estimate a linear fixed effects model, thereby controlling for unobserved time-constant characteristics. In a second step, we account for potential remaining endogeneity by combining the fixed effects approach with a two-stage estimation strategy. Our empirical results show that in terms of job satisfaction fixed-term workers and their permanent counterparts respond differently to a number of organizational practices including task diversity, employee involvement, social relations at work, general working conditions, and career prospects. The results may be used by employers to improve their concept of diversity management and specifically the job design of heterogeneous workers. �

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Bibliographic Info

Paper provided by Faculty of Business and Economics - University of Basel in its series Working papers with number 2009/08.

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Date of creation: 2009
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Handle: RePEc:bsl:wpaper:2009/08

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References

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  1. Paul Dolan & Robert Metcalfe, 2008. "Comparing Willingness-to-Pay and Subjective Well-Being in the Context of Non-Market Goods," CEP Discussion Papers dp0890, Centre for Economic Performance, LSE.
  2. Kenneth Y. Chay & Michael Greenstone, 2005. "Does Air Quality Matter? Evidence from the Housing Market," Journal of Political Economy, University of Chicago Press, vol. 113(2), pages 376-424, April.
  3. Richard Carson & Robert Mitchell & Michael Hanemann & Raymond Kopp & Stanley Presser & Paul Ruud, 2003. "Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 25(3), pages 257-286, July.
  4. Bruno Frey & Simon Luechinger & Alois Stutzer, 2009. "The life satisfaction approach to valuing public goods: The case of terrorism," Public Choice, Springer, vol. 138(3), pages 317-345, March.
  5. repec:rtv:ceiswp:247 is not listed on IDEAS
  6. Nick Carroll & Paul Frijters & Michael Shields, 2009. "Quantifying the costs of drought: new evidence from life satisfaction data," Journal of Population Economics, Springer, vol. 22(2), pages 445-461, April.
  7. Di Tella, Rafael & MacCulloch, Robert, 2008. "Gross national happiness as an answer to the Easterlin Paradox?," Journal of Development Economics, Elsevier, vol. 86(1), pages 22-42, April.
  8. Carson, Richard T & Flores, Nicholas A, 2000. "Contingent Valuation: Controversies and Evidence," University of California at San Diego, Economics Working Paper Series qt75k752s7, Department of Economics, UC San Diego.
  9. MacKerron, George & Mourato, Susana, 2009. "Life satisfaction and air quality in London," Ecological Economics, Elsevier, vol. 68(5), pages 1441-1453, March.
  10. Blanchflower, David G. & Oswald, Andrew J., 2007. "Hypertension and Happiness across Nations," The Warwick Economics Research Paper Series (TWERPS) 792, University of Warwick, Department of Economics.
  11. Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January.
  12. Andrew E. Clark & Paul Frijters & Michael A. Shields, 2008. "Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 95-144, March.
  13. Daniel Kahneman & Robert Sugden, 2005. "Experienced Utility as a Standard of Policy Evaluation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 32(1), pages 161-181, 09.
  14. Ada Ferrer-i-Carbonell & Paul Frijters, 2002. "How important is Methodology for the Estimates of the Determinants of Happiness?," Tinbergen Institute Discussion Papers 02-024/3, Tinbergen Institute.
  15. Katrin Rehdanz & David J. Maddison, 2003. "Climate and Happiness," Working Papers FNU-20, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2003.
  16. Patrick Bayer & Nathaniel Keohane & Christopher Timmins, 2006. "Migration and Hedonic Valuation: The Case of Air Quality," NBER Working Papers 12106, National Bureau of Economic Research, Inc.
  17. Brereton, Finbarr & Clinch, J. Peter & Ferreira, Susana, 2008. "Happiness, geography and the environment," Ecological Economics, Elsevier, vol. 65(2), pages 386-396, April.
  18. Smith, V. Kerry & Osborne, Laura L., 1996. "Do Contingent Valuation Estimates Pass a "Scope" Test? A Meta-analysis," Journal of Environmental Economics and Management, Elsevier, vol. 31(3), pages 287-301, November.
  19. Luechinger, Simon & Raschky, Paul A., 2009. "Valuing flood disasters using the life satisfaction approach," Journal of Public Economics, Elsevier, vol. 93(3-4), pages 620-633, April.
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Citations

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Cited by:
  1. Ambrey, Christopher L. & Fleming, Christopher M., 2011. "Valuing Ecosystem Diversity in South East Queensland: A Life Satisfaction Approach," 2011 Conference, August 25-26, 2011, Nelson, New Zealand 115347, New Zealand Agricultural and Resource Economics Society.
  2. Beja Jr, Edsel, 2012. "Who is happier: Housewife or working wife?," MPRA Paper 40533, University Library of Munich, Germany.
  3. Edsel Beja Jr., 2013. "Subjective Well-Being Approach to the Valuation of International Development: Evidence for the Millennium Development Goals," Social Indicators Research, Springer, vol. 111(1), pages 141-159, March.
  4. Christopher Ambrey & Christopher Fleming, 2014. "Valuing Ecosystem Diversity in South East Queensland: A Life Satisfaction Approach," Social Indicators Research, Springer, vol. 115(1), pages 45-65, January.
  5. Edsel Beja & David Yap, 2013. "Counting Happiness from the Individual Level to the Group Level," Social Indicators Research, Springer, vol. 114(2), pages 621-637, November.
  6. Bruno S. Frey & Alois Stutzer, 2010. "Happiness: A New Approach in Economics," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 8(4), pages 3-7, 01.
  7. Maike Schmitt, 2013. "Subjective Well-Being and Air Quality in Germany," SOEPpapers on Multidisciplinary Panel Data Research 541, DIW Berlin, The German Socio-Economic Panel (SOEP).
  8. Christine Bertram & Katrin Rehdanz, 2014. "The role of urban green space for human well-being," Kiel Working Papers 1911, Kiel Institute for the World Economy.
  9. Danzer, Alexander M. & Danzer, Natalia, 2014. "The Long-Run Consequences of Chernobyl: Evidence on Subjective Well-Being, Mental Health and Welfare," Discussion Papers in Economics 20969, University of Munich, Department of Economics.
  10. Bruno S. Frey & Alois Stutzer, 2010. "Recent Advances in the Economics of Individual Subjective Well-Being," Working papers 2010/04, Faculty of Business and Economics - University of Basel.
  11. Beja Jr, Edsel, 2012. "Two explanations to the willingness to accept and willingness to pay gap plus an alternative," MPRA Paper 36239, University Library of Munich, Germany.
  12. Ambrey, Christopher L. & Chan, Andrew Yiu-Chung & Fleming, Christopher M., 2013. "Estimating the cost of air pollution in South East Queensland: An application of the life satisfaction non-market valuation approach," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152133, Australian Agricultural and Resource Economics Society.
  13. Ambrey, Christopher L. & Fleming, Christopher M. & Chan, Andrew Yiu-Chung, 2014. "Estimating the cost of air pollution in South East Queensland: An application of the life satisfaction non-market valuation approach," Ecological Economics, Elsevier, vol. 97(C), pages 172-181.
  14. Clough, Peter & Hickman, Matt & Stephenson, John, 2013. "Valuing natural assets," NZIER Working Paper 2013/3, New Zealand Institute of Economic Research.
  15. Beja Jr., Edsel L., 2011. "Subjective Well-Being Approach to Environmental Valuation: Evidence for Greenhouse Gas Emissions," MPRA Paper 27862, University Library of Munich, Germany.
  16. Oswald, Andrew J., 2012. "The Value to the Environmental Movement of the New Literature on the Economics of Happiness," The Warwick Economics Research Paper Series (TWERPS) 997, University of Warwick, Department of Economics.
  17. Heinz Welsch & Susana Ferreira, 2014. "Environment, Well-Being, and Experienced Preference," Working Papers V-367-14, University of Oldenburg, Department of Economics, revised May 2014.
  18. Alois Stutzer & Bruno S. Frey, 2010. "Happiness and Political Institutions," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 8(4), pages 32-36, 01.

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