Work

The value of commuting time, flexibility, and job security: Evidence from current and recent jobseekers in Flanders

Year: 2024

Type: article

Abstract: This study examines jobseekers’ preferences for a variety of job attributes. It is based on a choice experiment involving 1852 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.

Source: Labour Economics

DOI: 10.1016/j.labeco.2024.102631

Authors: Bert Van Landeghem, Thomas Dohmen, Arne Risa Hole, Annemarie Künn-Nelen

Institutions: University of Bonn, IZA - Institute of Labor Economics, Maastricht University, Universitat Jaume I

Language: English

Topic: Labor market dynamics and wage inequality

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $2,780