Quality of Employment: A Measure of Workers' Preferences

Yennifer Cortés (), María Daniela Cortés (), David Rodríguez () and Cindy Rozo ()
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Yennifer Cortés: Seguros SURA
María Daniela Cortés: ICETEX
David Rodríguez: Universidad Externado de Colombia
Cindy Rozo: Institución Universitaria Colegio Mayor de Antioquia

Lecturas de Economía, 2024, issue 102, 165-201

Abstract: The literature in labor economics for developing countries frequently employs synthetic indices to study quality jobs, especially in contexts of high informality. Typically, two methodologies have been considered for the vertical weighting of quality dimensions: ad hoc and principal component analysis. This paper analyzes job quality from the point of view of workers' preferences. For this purpose, the vertical weighting problem is studied as a discrete choice problem faced by the worker, which can be analyzed with a standardized betas model estimated by ordinary least squares. To illustrate our proposal, we use information from the GEIH, to facilitate the comparative exercise we follow the horizontal weights presented by Farné (2003) and compare our quality index with previous methodological proposals. We found that workers give greater weighting in their order to social security, income, contract and working hours. On the other hand, regardless of the methodology, the quality of employment in the country is low, with important differences between self-employed workers, but not between men and women.

Keywords: job quality; synthetic index; job satisfaction; working conditions; standardized betas (search for similar items in EconPapers)
JEL-codes: J28 J81 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2024:i:102:p:165-201

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DOI: 10.17533/udea.le.n102a356508

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