Abstract

http://ssrn.com/abstract=1506004
 
 

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Perceived Job Insecurity and Well-Being Revisited: Towards Conceptual Clarity


Ingo Geishecker


Georg-August-University Göttingen

November 5, 2009


Abstract:     
This paper analyzes the impact of job insecurity perceptions on individual well-being. While previous studies on the subject have used the concept of perceived job insecurity rather arbitrarily, the present analysis explicitly takes into account individual perceptions about both the likelihood and the potential costs of job loss. We demonstrate that any model assessing the impact of perceived job insecurity on individual well-being potentially suffers from simultaneity bias yielding upward-biased coefficients. When applying our concept of perceived job insecurity to concrete data from a large household panel survey we find the true unbiased effects of perceived job insecurity to be more than twice the size of estimates that ignore simultaneity. Accordingly, perceived job insecurity ranks as one of the most important factors in employee well-being and paradoxically can be even more harmful than actual job loss with subsequent unemployment.

Number of Pages in PDF File: 28

Keywords: job security, life satisfaction, unemployment

JEL Classification: D84, J63, Z13

working papers series


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Date posted: November 15, 2009  

Suggested Citation

Geishecker, Ingo, Perceived Job Insecurity and Well-Being Revisited: Towards Conceptual Clarity (November 5, 2009). Available at SSRN: http://ssrn.com/abstract=1506004 or http://dx.doi.org/10.2139/ssrn.1506004

Contact Information

Ingo Geishecker (Contact Author)
Georg-August-University Göttingen ( email )
Platz der Göttinger Sieben 3
Goettingen, 37073
Germany
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Download Rank: 177,983
References:  49
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