Well-Being and Trust in the Workplace
John F. Helliwell
University of British Columbia - Department of Economics; National Bureau of Economic Research (NBER)
University of Alberta - Department of Economics
NBER Working Paper No. w14589
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.
Number of Pages in PDF File: 27working papers series
Date posted: December 29, 2008
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