Reported job satisfaction: what does it mean?
AbstractBy reporting his satisfaction with his job or any other experience, an individual does not communicate the number of utils that he feels. Instead, he expresses his posterior preference over available alternatives conditional on acquired knowledge of the past. This new interpretation of reported job satisfaction restores the power of microeconomic theory without denying the essential role of discrepancies between one's situation and available opportunities. Posterior human wealth discrepancies are found to be the best predictor of reported job satisfaction. Static models of relative utility and other subjective well-being assumptions are all unambiguously rejected by the data, as well as an economic model in which job satisfaction is a measure of posterior human wealth. The posterior choice model readily explains why so many people usually report themselves as happy or satisfied, why both younger and older age groups are insensitive to current earning discrepancies, and why the past weighs more heavily than the present and the future. En rapportant sa satisfaction vis-Ã -vis son travail ou toute autre expÃ©rience, un individu ne communique pas le nombre d'unitÃ©s d'utilitÃ© qu'il ressent. PlutÃ´t, conditionnellement Ã ses expÃ©riences antÃ©rieures, il exprime a posteriori sa prÃ©fÃ©rence relativement Ã d'autres emplois ou situations alternatives. Cette nouvelle interprÃ©tation de la satisfaction rÃ©vÃ©lÃ©e rend Ã la thÃ©orie microÃ©conomique son pouvoir explicatif tout en reconnaissant le rÃ´le essentiel jouÃ© par la diffÃ©rence entre la situation d'une personne et les opportunitÃ©s. Les diffÃ©rences a posteriori dans la richesse humaine sont les meilleurs prÃ©dicteurs de la satisfaction rÃ©vÃ©lÃ©e. Les modÃ¨les statistiques de l'utilitÃ© relative et ceux d'utilitÃ© subjective sont tous rejetÃ©s par les donnÃ©es, de mÃªme que le modÃ¨le Ã©conomique oÃ¹ la satisfaction de l'emploi est une mesure de la richesse humaine a posteriori. Le modÃ¨le de choix a posteriori
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Bibliographic InfoArticle provided by Elsevier in its journal The Journal of Socio-Economics.
Volume (Year): 33 (2004)
Issue (Month): 2 (April)
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Web page: http://www.elsevier.com/locate/inca/620175
Other versions of this item:
- LEVY-GARBOUA, Louis & MONTMARQUETTE, Claude, 1997. "Reported Job Satisfaction : What Does It Mean?," Cahiers de recherche 9705, Universite de Montreal, Departement de sciences economiques.
- Louis Lévy-Garboua & Claude Montmarquette, 1997. "Reported Job Satisfaction: What Does It Mean?," CIRANO Working Papers 97s-09, CIRANO.
- Louis Lévy-Garboua & Claude Montmarquette, 2004. "Reported job satisfaction : What does it mean?," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00203197, HAL.
- J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
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