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dc.contributor.authorRodríıguez-Puello, Gabriel
dc.contributor.authorArcos, Ariel
dc.contributor.authorJara, Benjamin
dc.identifier.citationRodrguezPuello2021WouldYV, title={Would you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workers}, author={Gabriel Rodr{\'i}guez-Puello and Ariel Arcos and Benjam{\'i}n Jara}, journal={Applied Research in Quality of Life}, year={2021).
dc.description.abstractUnderemployment has gained attention in recent years because of its effects on health and well-being (life satisfaction), it is a widespread phenomenon in the labor force that affects not only workers, but also households, companies and governments. This paper explores the relationship between underemployment and subjective well-being for a representative sample of Chilean workers using an ordered probit model. Also, by using different underemployment definitions and a latent class ordered probit model we analyze the observed and unobserved heterogeneity in this relationship. Finally, we assess the monetary valuation of well-being costs by estimating the amount of money that a worker is willing to accept in order to bear the potential negative effects of underemployment on well-being. Our results find a negative relationship between underemployment and subjective well-being, as the average worker is willing to accept an increase of CLP$64,009 (roughly 30.5% of the minimum wage) in her/his monthly wage for being underemployed. If we take into account the observed and unobserved heterogeneity, our results identify a group that is not sensitive to underemployment, while others are willing to accept an increase of CLP$146,622 in her/his monthly wage for being underemployed. Our work highlights the importance of well-being in the workplace and has implications for labor flexibility legislation and the empowerment of workers. Heterogeneous responses to underemployment imply that one-size-fits-all policies to regulate working hours might not sufficespa
dc.format.extent28 Páginas
dc.sourceApplied Research in Quality of Life - vol. 17 n° 1 (2021)spa
dc.titleWould you Value a few More Hours of work? Underemployment and Subjective Well-Being Across Chilean Workersspa
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dc.subject.keywordsSubjective well-beingspa
dc.subject.keywordsUnobserved heterogeneityspa
dc.subject.keywordsWillingness to acceptspa
dc.rights.ccAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.identifier.instnameUniversidad Tecnológica de Bolívarspa
dc.identifier.reponameRepositorio Universidad Tecnológica de Bolívarspa
dc.publisher.placeCartagena de Indiasspa

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Universidad Tecnológica de Bolívar - 2017 Institución de Educación Superior sujeta a inspección y vigilancia por el Ministerio de Educación Nacional. Resolución No 961 del 26 de octubre de 1970 a través de la cual la Gobernación de Bolívar otorga la Personería Jurídica a la Universidad Tecnológica de Bolívar.