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...

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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
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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
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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
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dc.format.extent.none.fl_str_mv 28 Páginas
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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)
institution Universidad Tecnológica de Bolívar
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spelling 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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