Valuing business impacts in the areas of wage inequality and employee well-being:
This working paper proposes a methodology to monetise five aspects of employee well-being (wage inequality, being employed, excess working hours, relationships with management and job security) using theoretical and empirical frameworks drawn from welfare economics. Preliminary results highlight a l...
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| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2023
|
| Series: | OECD Papers on Well-being and Inequalities
no.15 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | This working paper proposes a methodology to monetise five aspects of employee well-being (wage inequality, being employed, excess working hours, relationships with management and job security) using theoretical and empirical frameworks drawn from welfare economics. Preliminary results highlight a large loss of welfare arising from within-firm wage inequality as well as a strong impact of working conditions on workers' well-being. On the aggregate, suppressing the negative externalities of the firm linked to excess working hours, tensions with management and job insecurity would yield an increase in social welfare equivalent to a 25% increase in household income, representing many years of economic growth. Greater transparency on company wage distributions and working conditions is necessary to apply these methodologies to real firms. |
| Physical Description: | 1 Online-Ressource (41 Seiten) 21 x 28cm. |
Staff View
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| indexdate | 2025-03-18T14:28:59Z |
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| series2 | OECD Papers on Well-being and Inequalities |
| spelling | Murtin, Fabrice VerfasserIn aut Valuing business impacts in the areas of wage inequality and employee well-being Fabrice, Murtin and Vincent, Siegerink Paris OECD Publishing 2023 1 Online-Ressource (41 Seiten) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Papers on Well-being and Inequalities no.15 This working paper proposes a methodology to monetise five aspects of employee well-being (wage inequality, being employed, excess working hours, relationships with management and job security) using theoretical and empirical frameworks drawn from welfare economics. Preliminary results highlight a large loss of welfare arising from within-firm wage inequality as well as a strong impact of working conditions on workers' well-being. On the aggregate, suppressing the negative externalities of the firm linked to excess working hours, tensions with management and job insecurity would yield an increase in social welfare equivalent to a 25% increase in household income, representing many years of economic growth. Greater transparency on company wage distributions and working conditions is necessary to apply these methodologies to real firms. Employment Social Issues/Migration/Health Siegerink, Vincent MitwirkendeR ctb |
| spellingShingle | Murtin, Fabrice Valuing business impacts in the areas of wage inequality and employee well-being Employment Social Issues/Migration/Health |
| title | Valuing business impacts in the areas of wage inequality and employee well-being |
| title_auth | Valuing business impacts in the areas of wage inequality and employee well-being |
| title_exact_search | Valuing business impacts in the areas of wage inequality and employee well-being |
| title_full | Valuing business impacts in the areas of wage inequality and employee well-being Fabrice, Murtin and Vincent, Siegerink |
| title_fullStr | Valuing business impacts in the areas of wage inequality and employee well-being Fabrice, Murtin and Vincent, Siegerink |
| title_full_unstemmed | Valuing business impacts in the areas of wage inequality and employee well-being Fabrice, Murtin and Vincent, Siegerink |
| title_short | Valuing business impacts in the areas of wage inequality and employee well-being |
| title_sort | valuing business impacts in the areas of wage inequality and employee well being |
| topic | Employment Social Issues/Migration/Health |
| topic_facet | Employment Social Issues/Migration/Health |
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