Why do you like or dislike your job?

Sangmin Aum, Bongseop Kim and Jungmin Lee

Labour Economics, 2025, vol. 94, issue C

Abstract: This study investigates the relative importance of non-wage job attributes, with a particular focus on corporate culture and overtime work. Using a discrete choice experiment with 3,026 wage workers in South Korea, we estimate the willingness-to-pay for a horizontal corporate culture, no overtime requirement, career development opportunities, and commuting time flexibility. We find that workers place the highest value on a horizontal corporate culture, followed by no overtime requirement. Using auxiliary data on working conditions from a nationally representative survey, we find that accounting for the non-uniform distribution of these non-wage job attributes across workers exacerbates compensation inequality.

Keywords: Corporate culture; Non-wage job attributes; Compensating differentials; Willingness to pay; Discrete choice experiment; Wage inequality (search for similar items in EconPapers)
JEL-codes: J22 J28 J31 J32 J81 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:94:y:2025:i:c:s0927537125000454

DOI: 10.1016/j.labeco.2025.102718

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