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Open Access 01-12-2022 | Research

Evaluation of employee occupational stress by estimating the loss of human capital in Japan

Authors: Xiangdan Piao, Shunsuke Managi

Published in: BMC Public Health | Issue 1/2022

Abstract

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.

Available only for authorised users

The respondent rate is not recorded.

We followed the time deposit interest-rate guided by the Bank of Japan [58].

Due to large-scale employee longitudinal data on employee stress, this estimate does not include income information. We used two datasets.

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Title: Evaluation of employee occupational stress by estimating the loss of human capital in Japan
Authors: Xiangdan Piao
Shunsuke Managi
Publication date: 01-12-2022
Publisher: BioMed Central
Published in: BMC Public Health / Issue 1/2022
Electronic ISSN: 1471-2458
DOI: https://doi.org/10.1186/s12889-022-12751-7

Keynote webinar | Spotlight on medication adherence

Springer Medicine

Evaluation of employee occupational stress by estimating the loss of human capital in Japan

Abstract

Background

Methods

Results

Conclusion

Keynote webinar | Spotlight on medication adherence

Springer Medicine

Abstract

Background

Methods

Results

Conclusion

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