TY - JOUR
T1 - Gig work
T2 - Does it get you more happiness?
AU - Klein, Galit
AU - Klunover, Doron
AU - Shavit, Tal
N1 - Publisher Copyright:
© 2024 The Authors. Managerial and Decision Economics published by John Wiley & Sons Ltd.
PY - 2024/4
Y1 - 2024/4
N2 - Gig work is one of the fastest-growing trends in the labor market, one that accelerated during the COVID-19 pandemic. It is therefore important to understand its impact on individual happiness. A simple theoretical framework is constructed to analyze aspects of gig work and their effect on happiness. In particular, we model happiness as being dependent on various characteristics of work, such as income, work flexibility, job stability and job security, employee benefits, and non-pecuniary benefits. We demonstrate that merging salaried work and gig work can be an effective way to increase happiness. The proposed framework identifies the characteristics of an individual who will achieve greater happiness in gig work. These insights may help to understand the effect of recent changes in the labor market on workers' happiness.
AB - Gig work is one of the fastest-growing trends in the labor market, one that accelerated during the COVID-19 pandemic. It is therefore important to understand its impact on individual happiness. A simple theoretical framework is constructed to analyze aspects of gig work and their effect on happiness. In particular, we model happiness as being dependent on various characteristics of work, such as income, work flexibility, job stability and job security, employee benefits, and non-pecuniary benefits. We demonstrate that merging salaried work and gig work can be an effective way to increase happiness. The proposed framework identifies the characteristics of an individual who will achieve greater happiness in gig work. These insights may help to understand the effect of recent changes in the labor market on workers' happiness.
UR - http://www.scopus.com/inward/record.url?scp=85182161010&partnerID=8YFLogxK
U2 - 10.1002/mde.4101
DO - 10.1002/mde.4101
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AN - SCOPUS:85182161010
SN - 0143-6570
VL - 45
SP - 1633
EP - 1641
JO - Managerial and Decision Economics
JF - Managerial and Decision Economics
IS - 3
ER -