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Published in: Social Indicators Research 2/2018

04-11-2017

Education and the Non-financial Employment Commitment in Times of Economic Recession Among the Youth

Authors: Simona Demel, Petr Mariel, Luis Miller

Published in: Social Indicators Research | Issue 2/2018

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Abstract

In this paper, we study the non-financial employment commitment using the so-called “lottery question”, which asks if you would continue working if you won the lottery. This is the first study that reports results using data from a Southern-European country and this is done both before and 3 years into the recession following the financial crisis of 2008. We find that the willingness to continue working in Spain is shockingly lower than in previous research done in other countries. Additionally, we find two important moderators of the non-financial employment commitment at the individual level. The willingness to work increases by education level and it is negatively correlated with the time spent searching for jobs. We find some regional effects, but in general, we do not find that the non-financial employment commitment is higher during the financial recession.

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Footnotes
1
A recent paper might provide an explanation about why, in general, worse economic conditions lead to higher employment commitment. Başlevent and Kirmanoğlu (2014) show that job insecurity increases life satisfaction associated with having any job, even a less-desired job.
 
2
We also tried including two other job-related variables: contract type and firm size, but neither of the variables were statistically significant at the 5% significance level in both years, so we decided not to include them in the model.
 
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Metadata
Title
Education and the Non-financial Employment Commitment in Times of Economic Recession Among the Youth
Authors
Simona Demel
Petr Mariel
Luis Miller
Publication date
04-11-2017
Publisher
Springer Netherlands
Published in
Social Indicators Research / Issue 2/2018
Print ISSN: 0303-8300
Electronic ISSN: 1573-0921
DOI
https://doi.org/10.1007/s11205-017-1789-8

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