Making the Risk of Job Loss a Way of Life: Does it Affect Job Satisfaction?

University of Aberdeen Business School Working Paper No. 2007-03

Posted: 11 Jan 2008

See all articles by Ioannis Theodossiou

Ioannis Theodossiou

University of Aberdeen - Business School

Efi Vasileiou

Université Paris II - Panthéon-Assas

Date Written: January 2007

Abstract

This study investigates the relationship between job satisfaction and job security in European countries. In doing so, it attempts to take into account the endogenous nature of the job security - job satisfaction relationship after controlling for the various economic and personal characteristics. The results show that, workers in jobs with low likelihood of job termination derive higher utility from work compared to the workers in insecure jobs. This holds even after controlling for endogeneity by using both a conventional IV approach and a selection model. This appears to be the case for both men and women.

Keywords: Job satisfaction, Job security, Gender differences, Endogeneity

JEL Classification: J28, J16, J81

Suggested Citation

Theodossiou, Ioannis and Vasileiou, Efi, Making the Risk of Job Loss a Way of Life: Does it Affect Job Satisfaction? (January 2007). University of Aberdeen Business School Working Paper No. 2007-03, Available at SSRN: https://ssrn.com/abstract=1082213

Ioannis Theodossiou (Contact Author)

University of Aberdeen - Business School ( email )

Edward Wright Building
Dunbar Street
Aberdeen, Scotland AB24 3QY
United Kingdom

Efi Vasileiou

Université Paris II - Panthéon-Assas ( email )

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