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Creative destruction and employee well-being

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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’ job satisfaction and perceived job insecurity. Our linked employer-employee panel data contain both information on employees’ subjective well-being and register-based information on job and worker flows. The results show that job destruction and worker outflow measures reduce job satisfaction and, especially, perceived security. These effects are much weaker when the individual-specific fixed effects are taken into account. The evidence also reveals that the establishment-level job and worker flows do not translate into higher wages. These findings speak against the existence of compensating wage differentials for job uncertainty.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15447.

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Date of creation: 27 May 2009
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Handle: RePEc:pra:mprapa:15447

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Keywords: job flows; worker flows; job satisfaction; perceived security; job instability;

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  15. Daniel S. Hamermesh, 2004. "Subjective Outcomes in Economics," NBER Working Papers 10361, National Bureau of Economic Research, Inc.
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  17. Philippe Aghion & Thibault Fally & Stefano Scarpetta, 2007. "Credit constraints as a barrier to the entry and post-entry growth of firms," Economic Policy, CEPR & CES & MSH, vol. 22, pages 731-779, October.
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