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Title:The healthy fright of losing a good one for a bad one PDF Logo
Authors:Cristini, Annalisa
Origo, Federica
Pinoli, Sara
Issue Date:2012
Series/Report no.:Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6348
Abstract:In this paper we study the effect of different degrees of employment protection on absenteeism, paying attention to differences between workers moving from protected jobs to insecure jobs, on the one hand, and workers moving from insecure to secure jobs, on the other hand. Using a large representative sample of Italian workers, we show that workers' reaction in terms of sickness leave is not symmetric: losing protection (bad news) is more effective than gaining it (good news). We claim that this asymmetry is consistent with the behavior of financial markets responding to good and bad news. In our case, workers react in a more prudential way to improvements in their employment status (wait and see strategy), while they do immediately adjust to worsening job security by showing off healthy behavior.
Subjects:absenteeism
employment protection
delayed reaction
JEL:J22
J41
Persistent Identifier of the first edition:urn:nbn:de:101:1-201205026140
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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