Measuring More than Money

Mainstream economics traditionally restricts the analysis of the labour market to purely monetary factors, such as earnings, leaving aside many other characteristics that might affect the desirability of certain jobs. By contrast, this unique volume explores the alternatives and problems faced by researchers in quantifying and measuring a broader notion of job quality. The contributors expertly explore the different approaches to measurement and analyze both the advantages and disadvantages of the various methods within a European context. Job quality is a crucial link between the economy and well-being. This original book proves that it can and should be measured, proposing a theoretically based multidimensional 'Index of Job Quality' that is tested in the EU member States. The index proves particularly useful to measure the differences in job quality by country, occupation, gender and age. Based on solid theory and data, this book will prove essential for postgraduate students, researchers and academics of labour economics, sociology, industrial relations, and European studies as it presents a coherent discussion of the concept and components of job quality, and of the difficulties of measuring it. The book also proposes a new aggregate index of job quality that can contribute to the evaluation of European employment policies and performance that will appeal to European policy circles.