Th-SYM-940-6 - The Effects Of Unemployment And Job Insecurity On Young Europeans’ Well-Being And Health: The Moderating Role Of Cultural Values

Job insecurity
1 hour
Employee stress and burnout
Job insecurity
The effects of unemployment and job insecurity on young Europeans’ well-being and health: The moderating role of cultural values
M. Kostouli*, D. Xanthopoulou, K. Täht, L. Figgou, M. Unt, M. Sourvinou
Main Abstract Content: Purpose. As a result of the financial crisis, young people in Europe have been affected severely by the exclusion from the labor market (LM) and job precarity. In order to investigate whether the detrimental effects of unemployment and job insecurity on health and well-being vary across countries, we focused on the moderating role of two macro-level indicators: individualism, and the value attached to work in a society. We hypothesized that the damaging effects of insecure LM positions on health and psychological well-being will be stronger in individualistic (vs. collectivistic) cultures and in societies where work is highly (vs. barely) valued.
Design. We used data from the 2013 wave of the EU-SILC dataset that provides information about 22,842 young individuals (aged 16-29) from 29 European countries.
Results. Multilevel analyses showed that unemployment and job insecurity related to poorer health in individualistic (vs. collectivistic) countries. Also, unemployed reported lower life satisfaction and higher (un)well-being in societies that attach a great (vs. low) value to work. Unexpectedly, unemployment and job insecurity related to worse health in societies that attach a low (vs. great) value to work. 
Limitations. The cross-sectional nature of the study refrains from testing the long-term effect of disadvantaged LM positions.
Research/practical implications. These results provide insights for developing policies aiming at protecting young Europeans’ well-being.
Originality/value. Young people in disadvantaged LM positions are worse off in individualistic societies and in societies that attach a great value to work because their situation is likely to be attributed to internal instead of external/societal factors.

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