This paper addresses some recent developments in the field of management science and economics of well-being, trying to prove a link between working conditions and subjective well-being. Using the fifth round of the European Social Survey, which is the most recent set of data with a module focusing on the inter-relations between work, family and well-being, this paper uses an instrumental variable approach to estimate the effect of job satisfaction on subjective Well-being. The direction of the relationship between these two variables has always been controversial because of endogeneity. Results, also exploring the role of working contract and welfare systems, allow for isolating a considerable influence on job satisfaction in increasing people's subjective well-being. Results are robust even if the restriction condition is violated. Job satisfaction increases subjective well-being even if the instrumental variables are not uncorrelated with the error of the main equation.

Cannas, M., Sergio S., B., Sironi, E., Mentel, U., Job satisfaction and subjective well-being in Europe, <<ECONOMICS & SOCIOLOGY>>, 2019; 12 (4): 183-196. [doi:10.14254/2071-789X.2019/12-4/11] [http://hdl.handle.net/10807/147623]

Job satisfaction and subjective well-being in Europe

Sironi, Emiliano
;
2019

Abstract

This paper addresses some recent developments in the field of management science and economics of well-being, trying to prove a link between working conditions and subjective well-being. Using the fifth round of the European Social Survey, which is the most recent set of data with a module focusing on the inter-relations between work, family and well-being, this paper uses an instrumental variable approach to estimate the effect of job satisfaction on subjective Well-being. The direction of the relationship between these two variables has always been controversial because of endogeneity. Results, also exploring the role of working contract and welfare systems, allow for isolating a considerable influence on job satisfaction in increasing people's subjective well-being. Results are robust even if the restriction condition is violated. Job satisfaction increases subjective well-being even if the instrumental variables are not uncorrelated with the error of the main equation.
2019
Inglese
Cannas, M., Sergio S., B., Sironi, E., Mentel, U., Job satisfaction and subjective well-being in Europe, <<ECONOMICS & SOCIOLOGY>>, 2019; 12 (4): 183-196. [doi:10.14254/2071-789X.2019/12-4/11] [http://hdl.handle.net/10807/147623]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/147623
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