TY - JOUR
T1 - Evaluation of employee occupational stress by estimating the loss of human capital in Japan
AU - Piao, Xiangdan
AU - Managi, Shunsuke
N1 - Funding Information:
This work was supported by JSPS KAKENHI Grant Number JP20H00648.
Funding Information:
The authors would like to thank PEACEMIND Inc. for the provision of employee occupational stress data.
Funding Information:
This research was supported by the Environment Research and Technology Development Fund (JPMEERF20201001) of the Environmental Restoration and Conservation Agency of Japan.
Publisher Copyright:
© 2022, The Author(s).
PY - 2022/12
Y1 - 2022/12
N2 - Background: Human capital is thought to be a crucial factor that drives economic growth. This study aims to understand the evaluation of the loss of human capital caused by employees’ occupational stress. Methods: In total, 1,021,178 observations for employee occupational stress were collected from 390 companies from 2017 to 2019 in Japan. The original cross-sectional survey contains 11,167 employees with occupational stress and their socioeconomic information in 2015. The relationship between stress and annual income is estimated with polynomial regression, and accumulated human capital loss is estimated. Matching approaches are applied for corporate human capital loss. Results: The negative association between annual income and employee stress is derived, which indicates that the worse the employees’ stress is, the greater the human capital losses. Importantly, we confirmed that most employees have human capital loss, and on average, for male employees aged 25, the accumulated human capital loss will reach approximately $0.6 million USD by retirement. Conclusion: For corporations, human capital loss is highly correlated with the number of employees, suggesting that reducing the occupational stress of employees can lead to greater corporate performance.
AB - Background: Human capital is thought to be a crucial factor that drives economic growth. This study aims to understand the evaluation of the loss of human capital caused by employees’ occupational stress. Methods: In total, 1,021,178 observations for employee occupational stress were collected from 390 companies from 2017 to 2019 in Japan. The original cross-sectional survey contains 11,167 employees with occupational stress and their socioeconomic information in 2015. The relationship between stress and annual income is estimated with polynomial regression, and accumulated human capital loss is estimated. Matching approaches are applied for corporate human capital loss. Results: The negative association between annual income and employee stress is derived, which indicates that the worse the employees’ stress is, the greater the human capital losses. Importantly, we confirmed that most employees have human capital loss, and on average, for male employees aged 25, the accumulated human capital loss will reach approximately $0.6 million USD by retirement. Conclusion: For corporations, human capital loss is highly correlated with the number of employees, suggesting that reducing the occupational stress of employees can lead to greater corporate performance.
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U2 - 10.1186/s12889-022-12751-7
DO - 10.1186/s12889-022-12751-7
M3 - Article
C2 - 35232422
AN - SCOPUS:85125589522
VL - 22
JO - BMC Public Health
JF - BMC Public Health
SN - 1471-2458
IS - 1
M1 - 411
ER -