The value of commuting time, flexibility, and job security: Evidence from current and recent jobseekers in Flanders
This study examines jobseekers' preferences for a variety of job attributes. It is based on a choice experiment involving 1,852 clients of the Flemish Public Employment Service (PES). Respondents value flexibility (e.g., remote work and schedule flexibility), job security and social impact of the job, and require significant compensation for longer commute times. A majority (70%) would need very substantial wage increase beyond their acceptable baseline wage to compensate for less flexibility, job security or social impact. These findings enhance our understanding of labour supply decisions an... Mehr ...
| Verfasser: | |
|---|---|
| Dokumenttyp: | doc-type:workingPaper |
| Erscheinungsdatum: | 2024 |
| Verlag/Hrsg.: |
Bonn and Cologne: University of Bonn and University of Cologne
Reinhard Selten Institute (RSI) |
| Schlagwörter: | ddc:330 / J31 / J32 / J64 / J16 / Reservation Wage / Job Search / Job Amenities / Compensating Differentials / Choice Experiments |
| Sprache: | Englisch |
| Permalink: | https://search.fid-benelux.de/Record/base-29059156 |
| Datenquelle: | BASE; Originalkatalog |
| Powered By: | BASE |
| Link(s) : | https://hdl.handle.net/10419/301028 |
This study examines jobseekers' preferences for a variety of job attributes. It is based on a choice experiment involving 1,852 clients of the Flemish Public Employment Service (PES). Respondents value flexibility (e.g., remote work and schedule flexibility), job security and social impact of the job, and require significant compensation for longer commute times. A majority (70%) would need very substantial wage increase beyond their acceptable baseline wage to compensate for less flexibility, job security or social impact. These findings enhance our understanding of labour supply decisions and can inform the design of salary packages and HR policies.