Well-being and Trust in the Workplace

John Helliwell and Haifang Huang ()

No 14589, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper summarizes and extends our recent work using life satisfaction regressions to estimate the relative values of financial and non-financial job characteristics. The well-being results show strikingly large values for non-financial job characteristics, especially workplace trust and other measures of the quality of social capital in workplaces. For example, an increase of trust in management that is about one tenth of the scale is equivalent to more than 30% increase in monetary income. We find that these values differ significantly by gender and by union status. We consider the reasons for such large values, and explore their implications for employers, employees, and policy-makers.

JEL-codes: I31 J16 J31 J51 (search for similar items in EconPapers)
Date: 2008-12
New Economics Papers: this item is included in nep-hap, nep-lab and nep-soc
Note: LS
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published as John Helliwell & Haifang Huang, 2011. "Well-Being and Trust in the Workplace," Journal of Happiness Studies, Springer, vol. 12(5), pages 747-767, October.

Downloads: (external link)
http://www.nber.org/papers/w14589.pdf (application/pdf)

Related works:
Journal Article: Well-Being and Trust in the Workplace (2011)
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:nbr:nberwo:14589

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w14589

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().