The Value of Commuting Time, Flexibility, and Job Security: Evidence From Current and Recent Jobseekers in Flanders

Bert Van Landeghem, Thomas Dohmen, Arne Hole and Annemarie Künn-Nelen

CRC TR 224 Discussion Paper Series from University of Bonn and University of Mannheim, Germany

Abstract: This study examines jobseekers' preferences for a variety of job attributes. It is based on a choice experiment involving 1,852 clients of the Flemish Public Employment Service (PES). Respondents value flexibility (e.g., remote work and schedule flexibility), job security and social impact of the job, and require significant compensation for longer commute times. A majority (70%) would need very substantial wage increase beyond their acceptable baseline wage to compensate for less flexibility, job security or social impact. These findings enhance our understanding of labour supply decisions and can inform the design of salary packages and HR policies.

Keywords: Reservation Wage; Job Search; Job Amenities; Compensating Differentials; Choice Experiments (search for similar items in EconPapers)
JEL-codes: J16 J31 J32 J64 (search for similar items in EconPapers)
Pages: 38
Date: 2024-09
New Economics Papers: this item is included in nep-dcm, nep-exp, nep-lab, nep-tre and nep-ure
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Journal Article: The value of commuting time, flexibility, and job security: Evidence from current and recent jobseekers in Flanders (2024)
Working Paper: The Value of Commuting Time, Flexibility, and Job Security: Evidence from Current and Recent Jobseekers in Flanders (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:bon:boncrc:crctr224_2024_597

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