Applied Research in Quality of Life | 2021
Trade Unions and Workers’ Life Satisfaction in South Korea
Abstract
This study analyses the effects of trade unions’ presence in workplaces and union membership on workers’ overall life satisfaction. We estimate a correlated random effects panel ordered probit model using the Korean Labor and Income Panel Study. While the presence of unions increases the probability of reporting a higher level of overall life satisfaction, union membership has no effect. These effects exist only for healthy men who are employed on a permanent contract. Finally, we show that unions’ effects on life satisfaction have four mediating channels—job satisfaction, social security, real wage and fringe benefits.