Afternoon Must-Read: Nick Bunker: Job Turnover and Workers’ Wellbeing
…the relationship between job churn and wellbeing is ‘unambiguously positive.’… More job creation in a metropolitan statistical area is correlated with higher wellbeing and more job destruction is correlated with lower wellbeing…. The positive effects of job creation on self-reported wellbeing aren’t affected by the size of an unemployment check. Yet… the negative effects of job destruction are mitigated by the size of the weekly unemployment check…. Dynamism and economic security don’t appear to be in tension.