Making the risk of job loss a way of life: Does it affect job satisfaction?

Theodossiou, Ioannis; Vasileiou, Efi

doi:10.1016/j.rie.2007.03.002

Cited by 47 publications

(36 citation statements)

References 25 publications

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“…In line with these expectations, the threat of losing one's job, which is likely to precede actual dismissal, is strongly associated with low job satisfaction, poor work performance, poor mental and physical health and other related variables (cheng and chan 2008; Sverke et al 2002;theodossiou and Vasileiou 2007). In addition, a recent prospective Dutch study showed that lower physical and mental work ability and lower work satisfaction at baseline predicted downward transitions from permanent into precarious temporary employment and unemployment (Wagenaar et al 2012b).…”

Section: Introductionmentioning

confidence: 90%

Who gets fired, who gets re-hired: the role of workers’ contract, age, health, work ability, performance, work satisfaction and employee investments

Wagenaar

Kompier

Houtman

et al. 2014

Int Arch Occup Environ Health

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Section: Introductionmentioning

confidence: 90%

Who gets fired, who gets re-hired: the role of workers’ contract, age, health, work ability, performance, work satisfaction and employee investments

Wagenaar

Kompier

Houtman

et al. 2014

Int Arch Occup Environ Health

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show abstract

“…First, the job security-job satisfaction relationship is likely to be endogenous. Theodossiou and Vasileiou (2007) point out that perhaps it is the high job satisfaction of workers that generate their readiness to proclaim their jobs are secure, or alternatively it is the low job satisfaction of some workers that increase their likelihood of future job loss. The authors find in European data that job security is indeed endogenous in explaining job satisfaction, but after correcting for the bias generated by this reverse causality, the positive job security-job satisfaction relationship remains.…”

Section: Identification Concernsmentioning

confidence: 99%

The impact of job security on job satisfaction in economic contractions versus expansions

Artz

Kaya

2014

Applied Economics

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Job security, often measured using the perceived risk of job loss in the near future, is a significant determinant of job satisfaction. We posit that the impact job security has on job satisfaction is not only a function of how likely it is that a worker loses a job but also how likely it is that a worker could find another. The effect this has on worker job satisfaction then is different depending on whether perceived job loss occurs (or not) when job openings are scarce or when job openings are plentiful. We use difference-in-differences analysis of the 1997 and 2008 waves from the National Study of the Changing Workforce to show that three measures of job security increase private sector worker job satisfaction, and reduce worker incentives to quit, more when job openings are relatively scarce (during contractions) than when job openings are relatively plentiful (during expansions). We find that our results are strongest among less-educated workers.

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“…Nevertheless, many studies do find statistical and quantitatively significant effects of various job amenities on job and life satisfaction after controlling for wages and many other relevant characteristics. 9 Holding a temporary contract is negatively correlated with job satisfaction in most countries (for example, Kaiser 2002), although what matters the most is the individual perception on the possibility to lose the job (for example, Origoa and Paganib 2009;Theosdossiou and Vasileiou 2007). Other job characteristics that have been found to affect reported job satisfaction include over education (Cabral Vieira 2005), working hours, and firm size (Gardner and Oswald 2001), which correlate negatively with job satisfaction, while pay, being a civil servant (Gardner and Oswald 2001), and self-employment show a positive correlation.…”

Section: What Makes Individuals Happy?mentioning

confidence: 99%

Happiness economics

Ferrer-i-Carbonell

2012

SERIEs

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There is enough evidence to be confident that individuals are able and willing to provide a meaningful answer when asked to value on a finite scale their satisfaction with their own lives, a question that psychologists have long and often posed to respondents of large questionnaires. Without taking its limitations and criticisms too lightly, some economists have been using this measure of self-reported satisfaction as a proxy for utility so as to contribute to a better understanding of individuals' tastes and hopefully behavior. By means of satisfaction questions we can elicit information on individual likes and dislikes over a large set of relevant issues, such as income, working status and job amenities, the risk of becoming unemployed, inflation, and health status. This information can be used to evaluate existing ideas from a new perspective, understand individual behavior, evaluate and design public policies, study poverty and inequality, and develop a preference based valuation method. In this article I first critically assess the pros and cons of using satisfaction variables, and then discuss its main applications.

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Making the risk of job loss a way of life: Does it affect job satisfaction?

Cited by 47 publications

References 25 publications

Who gets fired, who gets re-hired: the role of workers’ contract, age, health, work ability, performance, work satisfaction and employee investments

Who gets fired, who gets re-hired: the role of workers’ contract, age, health, work ability, performance, work satisfaction and employee investments

The impact of job security on job satisfaction in economic contractions versus expansions

Happiness economics

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