What is an Australian Job Worth?
Australian Economic Review, 2020, vol. 53, issue 4, 482-493
The value of a job is an important issue for management, human resources, law and public policy, yet we lack good empirical estimates of this value. This article presents a theoretical framework for valuing jobs and estimates the average economic value of an Australian job at approximately $104,000. However, judges awarding compensation for unfair dismissal under the Fair Work Act implicitly value a job at around $10,000. If the economic value estimate is correct then workers place a high value on keeping their job, which has important human resources management implications, such as worker commitment and risk‐taking.
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Persistent link: https://EconPapers.repec.org/RePEc:bla:ausecr:v:53:y:2020:i:4:p:482-493
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