High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular, job security, in workers' well-being by exploiting sector-specific institutional differences...

Wir analysieren die Entwicklung der Bildungsrenditen in Westdeutschland in der Periode von 1984 bis 1997 auf der Basis der Humankapitaltheorie mit Daten des Sozio-Ökonomischen Panels. Die Schätzergebnisse zeigen, dass Frauen mit etwa 10% eine signifikant höhere durchschnittliche...

Sorting of people on the labor market not only assures the most productive use of valuable skills but also generates individual utility gains if people experience an optimal match between job characteristics and their preferences. Based on individual data on reported satisfaction with life it is...