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

Petri Böckerman, Pekka Ilmakunnas, Edvard Johansson

Research output: Contribution to journalArticleScientificpeer-review

45 Citations (Scopus)

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.
Original languageEnglish
Peer-reviewed scientific journalLabour economics
Volume18
Issue number4
Pages (from-to)547-554
Number of pages8
ISSN0927-5371
DOIs
Publication statusPublished - 08.2011
MoE publication typeA1 Journal article - refereed

Keywords

  • 511 Economics
  • Job flows
  • Worker flows
  • Job satisfaction
  • Perceived security
  • Job instability

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