MARC Record from Scriblio

LEADER: 02772cam 22003617a 4500
001 2005620579
003 DLC
005 20051208102312.0
007 cr |||||||||||
008 051208s2005 mau sb 000 0 eng
010 $a 2005620579
040 $aDLC$cDLC
043 $an-cn---
050 00 $aHB1
100 1 $aHelliwell, John F.
245 10 $aHow's the job?$h[electronic resource]$bwell-being and social capital in the workplace /$cJohn F. Helliwell, Haifang Huang.
246 3 $aHow is the job?
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2005.
490 1 $aNBER working paper series ;$vworking paper 11759
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 12/8/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper takes a different tack in addressing one of the fundamental questions in economics: what are the factors that determine the distribution of jobs and wages? In Adam Smith's classic formulation, and in much of the subsequent literature, wage levels have been used to estimate the values of job characteristics ("compensating" or "equalizing" differentials). There are econometric problems with this approach, principally caused by unmeasured differences in talents and aptitudes that enable people of high ability to have jobs with both high wages and good working conditions, thus understating the value of working conditions. We bypass this difficulty by estimating the extent to which incomes and job characteristics influence direct measures of life satisfaction from three large and recent Canadian surveys. The well-being results show strikingly large values for non-financial job characteristics, especially workplace trust and other measures of the quality of workplace social capital. The compensating differentials estimated for the quality of workplace social capital are so large as to suggest that they do not reflect a full equilibrium. Thus the current situation probably reflects the existence of unrecognized opportunities for managers and employees to alter workplace environments, or for workers to change jobs, so as to increase both life satisfaction and workplace efficiency"--National Bureau of Economic Research web site.
650 0 $aJob satisfaction$zCanada.
650 0 $aWork environment$zCanada.
650 0 $aWages$zCanada.
650 0 $aSocial capital (Sociology)
700 1 $aHuang, Haifang.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 11759.
856 40 $uhttp://papers.nber.org/papers/w11759