The Value of Job Security: Does Having It Matter?

Eitan Hourie (), Miki Malul () and Raphael Bar-El ()
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Eitan Hourie: Ben-Gurion University of the Negev
Miki Malul: Ben-Gurion University of the Negev
Raphael Bar-El: Ben-Gurion University of the Negev

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2018, vol. 139, issue 3, No 13, 1145 pages

Abstract: Abstract In this paper we analyze the preferences about job security using tools from behavioral economics. We focus on the non-pecuniary value of job security and specifically whether this value depends on the current position of employees as tenured or non-tenured. Using a sample of 107 Israeli social workers, randomly allocated between tenured and non-tenured positions, we demonstrate that the non-pecuniary value of job security is about 20% of the wage. We also found that this value depends on the point of reference of the employees. Those with tenure place a higher value on job security, as do those with a higher level of loss aversion.

Keywords: Loss aversion; Job security; Status quo bias (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/s11205-017-1748-4

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