TY  - JOUR
AU  - Helliwell,John F.
AU  - Huang,Haifang
TI  - Well-being and Trust in the Workplace
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 14589
PY  - 2008
Y2  - December 2008
UR  - http://www.nber.org/papers/w14589
L1  - http://www.nber.org/papers/w14589.pdf
N1  - Author contact info:
John F. Helliwell
Canadian Institute for Advanced Research
and Department of Economics
University of British Columbia
997-1873 East Mall
Vancouver BC V6T 1Z1
CANADA
Tel: 604/822-4953
Fax: 604/822-5915
E-Mail: john.helliwell@ubc.ca

Haifang Huang
Department of Economics
University of Alberta
8-14 HM Tory
Edmonton Alberta T6G 2H4 CANADA
E-Mail: haifang.huang@ualberta.ca
AB  - This paper summarizes and extends our recent work using life satisfaction regressions to estimate the relative values of financial and non-financial job characteristics. The well-being results show strikingly large values for non-financial job characteristics, especially workplace trust and other measures of the quality of social capital in workplaces. For example, an increase of trust in management that is about one tenth of the scale is equivalent to more than 30% increase in monetary income. We find that these values differ significantly by gender and by union status. We consider the reasons for such large values, and explore their implications for employers, employees, and policy-makers.
ER  -