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The health and well-being of bankers following downsizing: a comparison of stayers and leavers

Author

Listed:
  • à sta Snorradóttir

    (The University of Iceland, Iceland; Administration of Occupational Safety and Health, Iceland)

  • Kristinn Tómasson

    (Administration of Occupational Safety and Health, Iceland)

  • Rúnar Vilhjálmsson

    (The University of Iceland, Iceland)

  • Guðbjörg Linda Rafnsdóttir

    (The University of Iceland, Iceland)

Abstract

Following the sudden and unprecedented collapse of Icelandic banks during the recent economic recession, 20 per cent of bank employees were laid off. This nation-wide study compared the health and well-being of university-educated stayers and leavers following the downsizing of the banks and took into account labour market trajectories among the leavers following downsizing and job insecurity among the stayers. Results indicate a clear difference for the stayers and leavers on all outcomes of health and well-being, indicating that stayers fare worse than leavers in the early aftermath of downsizing. Overall, those male and female leavers who had found steady employment and male leavers with temporary employment fared the best of all groups. Of all the groups in this study, insecure stayers are the group of employees that experiences the lowest well-being and worst health.

Suggested Citation

  • à sta Snorradóttir & Kristinn Tómasson & Rúnar Vilhjálmsson & Guðbjörg Linda Rafnsdóttir, 2015. "The health and well-being of bankers following downsizing: a comparison of stayers and leavers," Work, Employment & Society, British Sociological Association, vol. 29(5), pages 738-756, October.
    • Handle: RePEc:sae:woemps:v:29:y:2015:i:5:p:738-756
    DOI: 10.1177/0950017014563106
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    References listed on IDEAS

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