Macroeconomic Conditions When Young Shape Job Preferences for Life

Autor:	Stephan Meijer, Robert Dur, Lea Cassar, Maria Cotofan
Přispěvatelé:	Economics
Jazyk:	angličtina
Rok vydání:	2023
Předmět:	Economics and Econometrics Variation (linguistics) Work (electrical) Rest (finance) media_common.quotation_subject Economics Demographic economics Meaning (existential) Recession Boom Social Sciences (miscellaneous) media_common
Zdroj:	Cotofan, M, Cassar, L, Dur, R & Meier, S 2023, ' Macroeconomic Conditions When Young Shape Job Preferences for Life ', REVIEW OF ECONOMICS AND STATISTICS, vol. 105, no. 2, pp. 467-473 . https://doi.org/10.1162/rest_a_01057 The Review of Economics and Statistics, 105(2), 467-473. MIT Press Journals
ISSN:	0034-6535
Popis:	Preferences for monetary and nonmonetary job attributes are important for understanding workers' motivation and the organization of work. Little is known, however, about how those job preferences are formed. We study how macroeconomic conditions when young shape workers' job preferences for life. Using variation in income-per-capita across U.S. regions and over time since the 1920s, we find that job preferences vary in systematic ways with experienced macroeconomic conditions during young adulthood. Recessions create cohorts of workers who give higher priority to income, whereas booms make cohorts care more about job meaning for the rest of their lives.
Databáze:	OpenAIRE
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