What triggers multiple job holding? An experimental investigation
Verity Watson and
Alexandros Zangelidis ()
MPRA Paper from University Library of Munich, Germany
This paper presents an empirical examination of individuals’ motivations for multiple-job holding or moonlighting. Theoretical models of moonlighting suggest that individuals to hold a second job for either financial reasons (they face hours-constraints in their first job) or non-pecuniary motives (heterogeneous jobs). We assess the relative importance of these reasons using a purposefully collected stated preference data set. We find that individuals respond to financial constraints by having multiple-jobs, but these financial motives are not sufficient to explain moonlighting. We also find that individuals are attracted to the non-pecuniary aspects of the second jobs, such as job satisfaction and entrepreneurial opportunities. Furthermore, we find evidence that second job holding may be a hedging strategy against job insecurity in the primary job. Our empirical results contribute to a better understanding of this labour market behaviour.
Keywords: Multiple-job holding; discrete choice experiment (search for similar items in EconPapers)
JEL-codes: J22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm, nep-exp and nep-lab
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Persistent link: /RePEc:pra:mprapa:17575
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