1 - Schools incorporating the Arts and Social Sciences
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Item Poor and Sick : Estimating the relationship between Household Income and Health(University of Aberdeen, 2010-02) Economou, Athina; Theodossiou, IoannisThis study evaluates the effect of the individual‘s household income on their health at the later stages of working life. A structural equation model is utilised in order to derive a composite and continuous index of the latent health status from qualitative health status indicators. The endogenous relationship between health status and household income status is taken into account by using IV estimators. The findings reveal a significant effect of individual household income on health before and after endogeneity is taken into account and after a host of other factors which is known to influence health, including hereditary factors and the individual‘s locus of control. Importantly, it is also shown that the childhood socioeconomic position of the individual has long lasting effects on health as it appears to play a significant role in determining health during the later stages of working life.Item Making the Risk of Job Loss a Way of Life: Does it Affect Job Satisfaction?(2007) Theodossiou, Ioannis; Vasileiou, EfiThis study investigates the relationship between job satisfaction and job security in European countries. In doing so, it attempts to take into account the endogenous nature of the job security – job satisfaction relationship after controlling for the various economic and personal characteristics. The results show that, workers in jobs with low likelihood of job termination derive higher utility from work compared to the workers in insecure jobs. This holds even after controlling for endogeneity by using both a conventional IV approach and a selection model. This appears to be the case for both men and women.