The health and well-being of bankers following downsizing: a comparison of stayers and leavers

à sta Snorradóttir, Kristinn Tómasson, Rúnar Vilhjálmsson and Guðbjörg Linda Rafnsdóttir
Additional contact information
à sta Snorradóttir: The University of Iceland, Iceland; Administration of Occupational Safety and Health, Iceland
Kristinn Tómasson: Administration of Occupational Safety and Health, Iceland
Rúnar Vilhjálmsson: The University of Iceland, Iceland
Guðbjörg Linda Rafnsdóttir: The University of Iceland, Iceland

Work, Employment & Society, 2015, vol. 29, issue 5, 738-756

Abstract: Following the sudden and unprecedented collapse of Icelandic banks during the recent economic recession, 20 per cent of bank employees were laid off. This nation-wide study compared the health and well-being of university-educated stayers and leavers following the downsizing of the banks and took into account labour market trajectories among the leavers following downsizing and job insecurity among the stayers. Results indicate a clear difference for the stayers and leavers on all outcomes of health and well-being, indicating that stayers fare worse than leavers in the early aftermath of downsizing. Overall, those male and female leavers who had found steady employment and male leavers with temporary employment fared the best of all groups. Of all the groups in this study, insecure stayers are the group of employees that experiences the lowest well-being and worst health.

Keywords: financial crisis; gender; job insecurity; lay-off; organizational downsizing; temporary unemployment (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0950017014563106 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:woemps:v:29:y:2015:i:5:p:738-756

DOI: 10.1177/0950017014563106

Access Statistics for this article

More articles in Work, Employment & Society from British Sociological Association
Bibliographic data for series maintained by SAGE Publications ().