A Multidimensional Approach to Precarious Employment Among Young Workers in EU-28 Countries

This article uses a new multidimensional indicator to measure precariousness among young workers across all EU-28 countries. This indicator measures both the incidence and intensity of precariousness. The analysis has involved five dimensions: wages, type of contract, type of working day, disempowerment, and job insecurity. Our database is the European Union Labour Force Survey for the period 2009–2016. The main indication of precariousness is low wages. We find high rates of precariousness for Mediterranean countries (because of low wages and temporary contracts), Denmark (low wages), and the Netherlands (expansion of involuntary part-time jobs). Central European countries have moderate rates, and most Continental and Eastern countries have low rates. We also find that a higher level of education is related to a lower probability of having a precarious job. Finally, we find a greater probability of having a precarious job among women in most countries, and non-statistically significant differences by country of birth.

     

The Role of Temporary Help Agency Employment on Temp-to-Perm Transitions

This paper evaluates the impact of agency work on temporary workers’ posterior likelihood of being hired on a permanent basis. We use administrative data on two groups of temporary workers for whom we have complete work histories since they are first observed in 1998 until the year 2004. One group consists of workers employed through a temporary help agency (THA) at some point during the 7 year period under examination (treated group). The other group is composed of individuals employed as direct-hire temps at some point between 1998 and the year 2004, but never via a THA (control group). Using propensity score matching methods, we find that agency workers endure a lower likelihood of being hired on a permanent basis following their temporary assignment than their direct-hire counterparts. However, there are relevant differences for some groups of workers.

Computational Examples of a New Method for Distribution Selection in the Pearson System

A considerable problem in statistics and risk management is finding distributions that capture the complex behaviour exhibited by financial data. The importance of higher order moments in decision making has been well recognized and there is increasing interest in modelling with distributions that are able to account for these effects. The Pearson system can be used to model a wide scale of distributions with various skewness and kurtosis. This paper provides computational examples of a new easily implemented method for selecting probability density functions from the Pearson family of distributions. We apply this method to daily, monthly, and annual series using a range of data from commodity markets to macroeconomic variables.     

Poverty dynamics and disability: An empirical exercise using the European community household panel

In this article, we analyze the influence of being disabled on poverty dynamics. We present results adjusting the modified OECD equivalence scale by the number of adults with severe disabilities in the household and calculate poverty rates with this disability-adjusted scale. In addition we address the problem of incidental parameters in econometric models for the probability of being poor and separate the effects of being disabled on poverty that are short and long-term. The results show that the long-term (‘persistence’) effect is three times the short-term (‘true state dependence’) effect, which has significant social policy implications.     

Evaluating Multivariate GARCH Models in the Nordic Electricity Markets

ABSTRACT

This article considers a variety of specification tests for multivariate GARCH models that are used for dynamic hedging in electricity markets. The test statistics include the robust conditional moments tests for sign-size bias along with the recently introduced copula tests for an appropriate dependence structure. We consider this effort worthwhile, since quite often the tests of multivariate GARCH models are omitted and the models become selected ad hoc depending on the results they generate. Hedging performance comparisons, in terms of unconditional and conditional ex-post variance portfolio reduction, are conducted.     

Testing the Personal Wellbeing Index on 12–16?Year-Old Adolescents in 3 Different Countries with 2 New Items

The 7-item adult version of the Personal Wellbeing scale (Cummins et al. Social Indic Res 64:159?C190, 2003) was administered to two samples of adolescents aged 12?C16 in Brazil (N?=?1,588) and Spain (N?=?2,900), and to a sample of adolescents aged 14?C16 in Chile (N?=?843). The results obtained were analyzed to determine its psychometric characteristics when used with adolescents in the three different countries and to check whether two additional items would improve its qualities. Results reveal that the new PWI-9 version worked well with the adolescents in the three countries, improving some of the qualities of the PWI-7. One of the added items, satisfaction with oneself, appears to be a major contributor to unique explained variance when regressed on the single-item of overall life satisfaction (OLS). The model we present using structural equations shows good fit statistics for the factor structure, with both 7 and 9 items. Separate in-country analyses demonstrate that cultural context has a strong influence on correlations and saturations between the studied variables and also on the explained variance. Probably related to this fact, the Model fit structure is good in Brazil (with a low PWI variance accounted for by its predictors) and Spain (medium), but rather modest in Chile, where data show a high proportion of the PWI variance accounted for by its predictors. However, a multi-group factor analysis among the three countries restricting saturations to 1 in each country in order to make data comparable across countries still show a good fit of the proposed model for both PWI-7 and PWI-9.     

Performance Appraisal and Job Satisfaction for Workers Without and With Disabilities by Gender

Social Indicators Research - This study analyses the effects of performance appraisal on the levels of job satisfaction reported by workers without and with disabilities (aged 16–64) by...     

Subjective well‐being: what do adolescents say?

The aim of this paper is to analyse how 10‐ to 15‐year‐old adolescents define their own perceptions of well‐being and the factors influencing it at their age. Ten focus groups were organized, two from each age group. One group for each age included the students with the lowest scores in subjective well‐being (SWB) and the other included those with the highest, according to their responses to previously administered psychometric scales. The views of the participating adolescents were explored by means of a content analysis. In general, the children mentioned both positive and negative elements of participating in defining what constitutes well‐being. According to these children, well‐being is related to both affects and attitudes, relations with family and friends being key factors in it. Differences in the information provided reveal some variations according to age and SWB score. Children scoring lower in SWB tend to refer more to relationships with friends and basic needs covered, whereas those scoring higher tend to refer more to family relationships and not having problems. The results of this research can contribute to both social policy design and appraisal as they provide an in‐depth understanding of how SWB works at these ages.     

The impact of union direct voice on voluntary and involuntary absenteeism

Using a Spanish panel of large establishments, we test the reliability of the exit-voice theory to understand absenteeism (making the distinction between voluntary and involuntary absences). In the Spanish institutional framework, union direct voice (as opposed to union representative voice) is proxied by the existence of a collective agreement at the firm level. We find a positive influence of union direct voice on involuntary absenteeism, which is consistent with a greater protection of workers’ rights through that institution. We do not find a robust effect of direct voice on voluntary absenteeism. The first result lends support to the exit-voice theory but not the second one. Our interpretation underlines the need for re-construction of the exit-voice theory as a more general and precise one.     

The Values Adolescents Aspire to,Their Well-being and the Values Parents Aspire to for Their Children

This paper presents a study of the relationship between the psychological well-being of Spanish adolescents from 12 to 16 years old and the values they aspire to for the future (N = 1,618). Adolescents’ well-being is explored through (a) their satisfaction with 19 specific life domains, (b) the Personal Well-Being Index (Cummins, Social Indicators Research, 43, 307−334, 1998) and (c) an item on overall satisfaction with life. The values they aspire to are explored by means of a list of 23 personal qualities or values. Satisfaction domains and values aspired to have been grouped into dimensions using principal component analysis (PCA). Boys scored significantly higher on the materialistic values dimension and the capacities and knowledge related values dimension, while girls scored higher on the interpersonal relationship related values dimension. The youngest adolescents scored higher on materialistic values, while the oldest scored higher on interpersonal relationships related values. Such results are similar to those obtained in a previous study, using a shorter version of the lists of satisfaction domains and of values aspired to and a sample of 8,995 adolescents and 4,381 of their parents from five different countries. In both studies results suggest that values aspired to can be considered a well-being related construct. However, an important change appears in the latest Spanish sample: Family values no longer fit with the interpersonal relationships related values dimension in the PCA, and now function as a separate value dimension which shows no correlation with overall life satisfaction, the PWI, or life satisfaction domains with the exception of family satisfaction. Interestingly, family values have also changed their loading dimension in the PCA developed with the answers from a sample of parents about the values they aspire to for their own child’s future (N = 723). Parents’ responses were compared with those of their own child, with concordances observed in about half of the families, low discrepancies in about one third and high or very high discrepancies in about 20%. Although the results of this study have their limitations, they suggest support for the hypothesis that important changes in values aspired to may be taking place over a short period of time, consistent with the findings of changes in values in several countries (Inglehart, Modernization and postmodernization. Cultural, economic and political change in 43 societies, Princeton: Princeton University Press, 1997), but apparently with no outstanding impact on adolescents’ well-being.