Job security and employee well-being: Evidence from matched survey and register data

Petri Böckerman (), Pekka Ilmakunnas and Edvard Johansson

No 262, Working Papers from Työn ja talouden tutkimus LABORE, The Labour Institute for Economic Research LABORE

Abstract: We examine the effects of establishment- and industry-level labor market turnover on employees’ well-being. The linked employer-employee panel data contain both survey information on employees’ subjective well-being and comprehensive register-based information on job and worker flows. Labor market turbulence decreases well-being as experienced job satisfaction and satisfaction with job security are negatively related to the previous year’s flows. We test for the existence of compensating wage differentials by explaining wages and job satisfaction with average uncertainties, measured by an indicator for a high moving average of past excessive turnover (churning) rate. The results are consistent with compensating wage differentials, since high uncertainty increases real wages, but has no effect on job satisfaction.

Keywords: job flows; worker flows; job satisfaction; perceived security; job instability (search for similar items in EconPapers)
JEL-codes: J28 J31 J63 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2010-05-01
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https://labore.fi/wp-content/uploads/2010/05/Tyopapereita-262.pdf First version, 2010 (application/pdf)

Related works:
Journal Article: Job security and employee well-being: Evidence from matched survey and register data (2011)
Working Paper: Job security and employee well-being: Evidence from matched survey and register data (2010)
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