Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers
Underemployment has gained attention in recent years because of its effects on health and well-being (life satisfaction), it is a widespread phenomenon in the labor force that affects not only workers, but also households, companies and governments. This paper explores the relationship between under...
- Autores:
-
Rodríıguez-Puello, Gabriel
Arcos, Ariel
Jara, Benjamin
- Tipo de recurso:
- Fecha de publicación:
- 2021
- Institución:
- Universidad Tecnológica de Bolívar
- Repositorio:
- Repositorio Institucional UTB
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.utb.edu.co:20.500.12585/10427
- Acceso en línea:
- https://hdl.handle.net/20.500.12585/10427
https://doi.org/10.1007/s11482-021-09941-7
- Palabra clave:
- Underemployment
Subjective well-being
Unobserved heterogeneity
Willingness to accept
LEMB
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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dc.title.spa.fl_str_mv |
Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers |
title |
Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers |
spellingShingle |
Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers Underemployment Subjective well-being Unobserved heterogeneity Willingness to accept LEMB |
title_short |
Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers |
title_full |
Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers |
title_fullStr |
Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers |
title_full_unstemmed |
Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers |
title_sort |
Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers |
dc.creator.fl_str_mv |
Rodríıguez-Puello, Gabriel Arcos, Ariel Jara, Benjamin |
dc.contributor.author.none.fl_str_mv |
Rodríıguez-Puello, Gabriel Arcos, Ariel Jara, Benjamin |
dc.subject.keywords.spa.fl_str_mv |
Underemployment Subjective well-being Unobserved heterogeneity Willingness to accept |
topic |
Underemployment Subjective well-being Unobserved heterogeneity Willingness to accept LEMB |
dc.subject.armarc.none.fl_str_mv |
LEMB |
description |
Underemployment has gained attention in recent years because of its effects on health and well-being (life satisfaction), it is a widespread phenomenon in the labor force that affects not only workers, but also households, companies and governments. This paper explores the relationship between underemployment and subjective well-being for a representative sample of Chilean workers using an ordered probit model. Also, by using different underemployment definitions and a latent class ordered probit model we analyze the observed and unobserved heterogeneity in this relationship. Finally, we assess the monetary valuation of well-being costs by estimating the amount of money that a worker is willing to accept in order to bear the potential negative effects of underemployment on well-being. Our results find a negative relationship between underemployment and subjective well-being, as the average worker is willing to accept an increase of CLP$64,009 (roughly 30.5% of the minimum wage) in her/his monthly wage for being underemployed. If we take into account the observed and unobserved heterogeneity, our results identify a group that is not sensitive to underemployment, while others are willing to accept an increase of CLP$146,622 in her/his monthly wage for being underemployed. Our work highlights the importance of well-being in the workplace and has implications for labor flexibility legislation and the empowerment of workers. Heterogeneous responses to underemployment imply that one-size-fits-all policies to regulate working hours might not suffice |
publishDate |
2021 |
dc.date.issued.none.fl_str_mv |
2021-04-08 |
dc.date.accessioned.none.fl_str_mv |
2022-01-28T20:09:16Z |
dc.date.available.none.fl_str_mv |
2022-01-28T20:09:16Z |
dc.date.submitted.none.fl_str_mv |
2022-01-28 |
dc.type.driver.spa.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.hasVersion.spa.fl_str_mv |
info:eu-repo/semantics/restrictedAccess |
dc.type.spa.spa.fl_str_mv |
http://purl.org/coar/resource_type/c_2df8fbb1 |
dc.identifier.citation.spa.fl_str_mv |
RodrguezPuello2021WouldYV, title={Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers}, author={Gabriel Rodr{\'i}guez-Puello and Ariel Arcos and Benjam{\'i}n Jara}, journal={Applied Research in Quality of Life}, year={2021). https://doi.org/10.1007/s11482-021-09941-7 |
dc.identifier.uri.none.fl_str_mv |
https://hdl.handle.net/20.500.12585/10427 |
dc.identifier.doi.none.fl_str_mv |
https://doi.org/10.1007/s11482-021-09941-7 |
dc.identifier.instname.spa.fl_str_mv |
Universidad Tecnológica de Bolívar |
dc.identifier.reponame.spa.fl_str_mv |
Repositorio Universidad Tecnológica de Bolívar |
identifier_str_mv |
RodrguezPuello2021WouldYV, title={Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers}, author={Gabriel Rodr{\'i}guez-Puello and Ariel Arcos and Benjam{\'i}n Jara}, journal={Applied Research in Quality of Life}, year={2021). https://doi.org/10.1007/s11482-021-09941-7 Universidad Tecnológica de Bolívar Repositorio Universidad Tecnológica de Bolívar |
url |
https://hdl.handle.net/20.500.12585/10427 https://doi.org/10.1007/s11482-021-09941-7 |
dc.language.iso.spa.fl_str_mv |
eng |
language |
eng |
dc.rights.coar.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
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http://creativecommons.org/licenses/by-nc-nd/4.0/ |
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info:eu-repo/semantics/openAccess |
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Attribution-NonCommercial-NoDerivatives 4.0 Internacional |
rights_invalid_str_mv |
http://creativecommons.org/licenses/by-nc-nd/4.0/ Attribution-NonCommercial-NoDerivatives 4.0 Internacional http://purl.org/coar/access_right/c_abf2 |
eu_rights_str_mv |
openAccess |
dc.format.extent.none.fl_str_mv |
28 Páginas |
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application/pdf |
dc.publisher.place.spa.fl_str_mv |
Cartagena de Indias |
dc.source.spa.fl_str_mv |
Applied Research in Quality of Life - vol. 17 n° 1 (2021) |
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Universidad Tecnológica de Bolívar |
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Rodríıguez-Puello, Gabriele7cc52f8-8ccc-47d6-85d7-be5a7e29a573Arcos, Ariel24317737-7fe1-4f37-91f3-55e104681469Jara, Benjamincffa18b3-8bff-4bac-83d8-4744a63145fb2022-01-28T20:09:16Z2022-01-28T20:09:16Z2021-04-082022-01-28RodrguezPuello2021WouldYV, title={Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers}, author={Gabriel Rodr{\'i}guez-Puello and Ariel Arcos and Benjam{\'i}n Jara}, journal={Applied Research in Quality of Life}, year={2021). https://doi.org/10.1007/s11482-021-09941-7https://hdl.handle.net/20.500.12585/10427https://doi.org/10.1007/s11482-021-09941-7Universidad Tecnológica de BolívarRepositorio Universidad Tecnológica de BolívarUnderemployment has gained attention in recent years because of its effects on health and well-being (life satisfaction), it is a widespread phenomenon in the labor force that affects not only workers, but also households, companies and governments. This paper explores the relationship between underemployment and subjective well-being for a representative sample of Chilean workers using an ordered probit model. Also, by using different underemployment definitions and a latent class ordered probit model we analyze the observed and unobserved heterogeneity in this relationship. Finally, we assess the monetary valuation of well-being costs by estimating the amount of money that a worker is willing to accept in order to bear the potential negative effects of underemployment on well-being. Our results find a negative relationship between underemployment and subjective well-being, as the average worker is willing to accept an increase of CLP$64,009 (roughly 30.5% of the minimum wage) in her/his monthly wage for being underemployed. If we take into account the observed and unobserved heterogeneity, our results identify a group that is not sensitive to underemployment, while others are willing to accept an increase of CLP$146,622 in her/his monthly wage for being underemployed. Our work highlights the importance of well-being in the workplace and has implications for labor flexibility legislation and the empowerment of workers. Heterogeneous responses to underemployment imply that one-size-fits-all policies to regulate working hours might not suffice28 Páginasapplication/pdfenghttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAttribution-NonCommercial-NoDerivatives 4.0 Internacionalhttp://purl.org/coar/access_right/c_abf2Applied Research in Quality of Life - vol. 17 n° 1 (2021)Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workersinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/restrictedAccesshttp://purl.org/coar/resource_type/c_2df8fbb1UnderemploymentSubjective well-beingUnobserved heterogeneityWillingness to acceptLEMBCartagena de IndiasAi, C., & Norton, E.C. (2003). Interaction terms in logit and probit models. Economics Letters, 80(1), 123–129Albagli, E. (2005). Mercado laboral y crecimiento economico: recomendaciones de pol ´ ´ıtica para chile. Estudios P´ublicos (Santiago), (99) 135–164.Altonji, J.G., & Paxson, C.H. (1988). Labor supply preferences, hours constraints, and hours-wage tradeoffs. Journal of Labor Economics, 6(2), 254–276Angrave, D., & Charlwood, A. (2015). What is the relationship between long working hours, overemployment, under-employment and the subjective well-being of workers? longitudinal evidence from the uk. Human Relations, 68(9), 1491–1515Bell, D.N., & Blanchflower, D.G. (2019). 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