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The effect of crisis on employees’ stress and dissatisfaction


  • Halkos, George
  • Bousinakis, Dimitrios


This study, using a random sample of employees working in the private and public sectors, investigates the effect of crisis on job stress and dissatisfaction. Two stage cluster sampling is first used to collect primary data and relying on our sample and the collected variables we model for the first time a number of qualitative variables as features representing crisis (especially stress and dissatisfaction but also migration, reprioritizing and behavioral changes). Logistic regressions are used next presenting us with many useful elements concerning the function of stress, dissatisfaction and supportive elements and offering the corresponding probability of the effect on employees during the crisis. There are many new findings like, among others, the acceptance of salary reductions, number of working hours, economic migration, behavioral changes between management and employees, reprioritizing, and minimization of career opportunities.

Suggested Citation

  • Halkos, George & Bousinakis, Dimitrios, 2016. "The effect of crisis on employees’ stress and dissatisfaction," MPRA Paper 70107, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:70107

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    References listed on IDEAS

    1. Stephan HUMPERT, 2016. "What Workers Want: Job Satisfaction In The U.S," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 8(1), pages 39-45, March.
    2. George Halkos & Dimitrios Bousinakis, 2010. "The effect of stress and satisfaction on productivity," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 59(5), pages 415-431, June.
    3. Halkos, George, 2008. "The influence of stress and satisfaction on productivity," MPRA Paper 39654, University Library of Munich, Germany.
    4. Heslop, Pauline & Davey Smith, George & Metcalfe, Chris & Macleod, John & Hart, Carole, 2002. "Change in job satisfaction, and its association with self-reported stress, cardiovascular risk factors and mortality," Social Science & Medicine, Elsevier, vol. 54(10), pages 1589-1599, May.
    5. Halkos, George, 2012. "Importance and influence of organizational changes on companies and their employees," MPRA Paper 36811, University Library of Munich, Germany.
    6. Brikend AZIRI, 2011. "Job Satisfaction, A Literature Review," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 3(4), pages 77-86, December.
    7. Origo, Federica & Pagani, Laura, 2009. "Flexicurity and job satisfaction in Europe: The importance of perceived and actual job stability for well-being at work," Labour Economics, Elsevier, vol. 16(5), pages 547-555, October.
    8. Ferit ÖLÇER & Margareta Stela FLORESCU, 2015. "Mediating Effect Of Job Satisfaction In The Relationship Between Psychological Empowerment And Job Performance," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 5(1), pages 5-32, March.
    9. Paolo Ghinetti, 2007. "The Public–Private Job Satisfaction Differential in Italy," LABOUR, CEIS, vol. 21(2), pages 361-388, June.
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    More about this item


    Crisis; Stress; satisfaction; dissatisfaction; migration; reprioritizing; behavioral change; logistic regression.;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions
    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration


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