Job security and employee well-being: Evidence from matched survey and register data |
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Authors: | Petri Böckerman Pekka Ilmakunnas |
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Institution: | a Labour Institute for Economic Research and University of Tampere, Pitkänsillanranta 3A, FI-00530 Helsinki, Finlandb Aalto University School of Economics and HECER, P.O. Box 21240, FI-00076 Aalto, Helsinki, Finlandc The Research Institute of the Finnish Economy, Lönnrotinkatu 4B, FI-00120 Helsinki, Finland |
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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. |
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Keywords: | J28 J31 J63 |
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