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dc.contributor.authorGreen, Francisen_US
dc.date.accessioned2011-10-21T16:52:38Z-
dc.date.available2011-10-21T16:52:38Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/50570-
dc.description.abstractThis paper shows that employability strongly moderates the effects of unemployment and of job insecurity on well-being. I develop a simple framework for employment insecurity and employability with two key features. First, it allows for the risks surrounding unemployment and employment transitions to affect well-being both directly and indirectly through their impact on expected income. Second, the framework allows for the interaction between unemployment and employability, and between job insecurity and employability. Using panel data from Australia, I provide new random effects and fixed effects estimates of the impact of unemployment and of job insecurity on life satisfaction and on mental health, in the context of a model that takes account of the interacting risks. As predicted, unemployed people with little hope of finding a job enjoy the least well-being by a considerable margin, while employed people who are both highly employable and in a secure job enjoy the most. In between there is substantial differentiation according to employability, job insecurity and their interaction. Compared to a secure job the deleterious effects of high job insecurity on well-being are comparable to the effects of unemployment. Both are substantial. The findings are used to compute estimates of the well-being trade-off between increases in job insecurity and increases in employability, relevant to the support of 'flexicurity' and similar employment policies.en_US
dc.language.isoengen_US
dc.publisherUniv. of Kent, School of Economics Canterburyen_US
dc.relation.ispartofseriesSchool of Economics discussion papers 09,18en_US
dc.subject.jelJ28en_US
dc.subject.jelJ6en_US
dc.subject.jelI12en_US
dc.subject.ddc330en_US
dc.subject.keywordlife satisfactionen_US
dc.subject.keywordmental healthen_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordemploymenten_US
dc.subject.keywordjob insecurityen_US
dc.subject.keywordemployabilityen_US
dc.subject.keywordflexicurityen_US
dc.subject.keywordemployment insecurityen_US
dc.subject.keywordflexibilityen_US
dc.subject.stwArbeitsplatzsicherungen_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwRisikoen_US
dc.subject.stwZufriedenheiten_US
dc.subject.stwFlexicurityen_US
dc.subject.stwAustralienen_US
dc.titleJob insecurity, employability, unemployment and well-beingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn611461706en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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