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This article shows that unfavorable economic conditions at graduation decrease the likelihood of a good job-worker match over a worker's subsequent career. Mismatch is quantified in terms of overeducation by both industry and occupation. The German Socio-Economic Panel and region-level unemployment rates from 1994 to 2012 are used. Instrumental variables estimates account for endogenous graduation timing. A single percentage point increase in regional unemployment causes an increase in the probability of overeducation of 1.6-1.7 percentage points for university graduates. Effects for technical tertiary education and apprenticeship graduates are smaller. Labor market entry conditions affect workers for up to 9 years after graduation. (JEL J23,322, E32,123), I. INTRODUCTION Research has identified the importance that initial career conditions, such as graduation during recessions, have on workers' long-term earning capability (Kahn 2010; Oreopoulos, von Wachter, and Heisz 2012). [...]

This paper examines the effect of income inequality on individual wellbeing. The results show that those in the lowest twenty percent of income distribution have a marked reduction in wellbeing compared to the remainder. Hence, poverty is detrimental to wellbeing. The second key finding of this paper is that the existence of permanent aggregate income inequality reduces the wellbeing of individuals in other parts of income distribution, irrespective of their level of income. Income inequality is bad for everyone's wellbeing. Keywords: income inequality, life satisfaction, wellbeing JEL Classification Codes. 110,131, This paper investigates the relationship between aggregate income inequality and life satisfaction, or wellbeing. Our conclusions suggest that the promotion of social wellbeing in wealthier societies may now depend more [...]

To authenticate to the full-text of this article, please visit this link: http://dx.doi.org/10.1111/j.1468-0335.2009.00786.x Byline: KONSTANTINOS POULIAKAS ([dagger]), IOANNIS THEODOSSIOU ([dagger]) Abstract: This study attempts to estimate the 'utility cost' of temporary employment contracts purged of the psychological effects of adaptation. A conjoint analysis experiment is used that examines the ex ante contract preferences of a unique sample of low-skilled employees from seven European countries. It is shown that permanent contract holders request a significant wage premium to move to a temporary job. In contrast, temporary workers are indifferent between permanent and temporary contracts, ceteris paribus. The evidence suggests that individuals have a psychological immune system which neutralizes events that challenge their sense of wellbeing, such as job insecurity. Author Affiliation: ([dagger])Centre for European Labour Market Research, University of Aberdeen Business School Article History: Final version received 13 November 2008.

I. Introduction A number of theoretical and econometric studies have explored the relationship between earnings and job-seniority or tenure, though such studies are infrequent in Britain (see Sloane and Theodossiou, [...]

The nature of the link between employment levels and real wages has been a long-standing, controversial issue in economic research. A theoretical methodology developed by scholars in previous research is used to investigate whether there is a statistically significant, long-term relationship between real wages and employment. Data is used from 10 different nations belonging to the Organization for Economic Cooperation and Development. Results show scant statistical proof for a long-run relationship between the two variables.

Résumé. Les données de six vagues d'enquětes du Panel européen des ménages (1996-2001) collectées dans onze pays indiquent que les travailleurs à bas salaire de l'Europe du Sud sont, contrairement à ceux de l'Europe du Nord, nettement moins satisfaits de leur emploi que les travailleurs à salaire élevé. En calculant par approximation la satisfaction au travail pour évaluer la qualité de l'emploi, les auteurs montrent que, si bas salaire ne rime pas nécessairement avec emploi de mauvaise qualité, les travailleurs de certains pays sont néanmoins doublement pénalisés: ils sont mal rémunérés et ont un travail de mauvaise qualité. Selon les auteurs, ce dualisme des marchés du travail en Europe correspond à des approches différentes au niveau national du compromis entre flexibilité et sécurité, cette dernière devant ětre privilégiée au plan politique pour améliorer la qualité de l'emploi. [ABSTRACT FROM AUTHOR]