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How well do theories of job matching explain variations in job satisfaction across education levels? Evidence for UK graduates

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  • Clive Belfield
  • R. D. F. Harris

Abstract

Using ordered probit estimation technique this paper examines the job satisfaction of recent UK graduates. Focussing primarily on explaining job satisfaction in terms of individuals matching to jobs, with the match depending on reservation returns, information sets and job offer rates. Only limited support can be found for the argument that job matching explains higher job satisfaction. In addition, stylizing graduates as a peer group, who form satisfaction levels based on their rankings relative to each other we examine whether or not education quality, which raises peer group status and increases the job offer rate, is systematically related to job satisfaction. The results broadly support the hypothesis that job satisfaction is neutral across graduates of different education qualities. However, our specification tests indicate that ordered probit estimation may not be fully appropriate for identifying the characteristics of those with high job satisfaction.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 34 (2002)
Issue (Month): 5 ()
Pages: 535-548

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Handle: RePEc:taf:applec:v:34:y:2002:i:5:p:535-548

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Cited by:
  1. repec:ese:iserwp:2008-30 is not listed on IDEAS
  2. Tansel, Aysit & Gazioglu, Saziye, 2013. "Management-Employee Relations, Firm Size and Job Satisfaction," IZA Discussion Papers 7308, Institute for the Study of Labor (IZA).
  3. Bender, Keith A. & Roche, Kristen, 2013. "Educational mismatch and self-employment," Economics of Education Review, Elsevier, vol. 34(C), pages 85-95.
  4. repec:hal:cesptp:halshs-00317280 is not listed on IDEAS
  5. Vieira, José A. Cabral, 2005. "Skill mismatches and job satisfaction," Economics Letters, Elsevier, vol. 89(1), pages 39-47, October.
  6. Benjamin Artz, 2008. "Fringe Benefits and Job Satisfaction," Working Papers 08-03, UW-Whitewater, Department of Economics.
  7. Sánchez Cañizares, Sandra Mª & Artacho Ruiz, Carlos & Fuentes García, Fernando J. & López-Guzmán Guzmán,Tomás J., 2007. "Análisis de los determinantes estructurales de la satisfacción laboral. Aplicación en el sector educativo/Analizing the Structural Determinants of Job Satisfaction. An Application in the Educationa," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 25, pages 819 - 34 pÃ, Diciembre.
  8. Keith A. Bender & John S. Heywood, 2006. "Educational Mismatch Among Ph.D.s: Determinants and Consequences," NBER Working Papers 12693, National Bureau of Economic Research, Inc.
  9. repec:hal:journl:halshs-00317280 is not listed on IDEAS
  10. Fabra, M. Eugenia & Camisón, Cesar, 2009. "Direct and indirect effects of education on job satisfaction: A structural equation model for the Spanish case," Economics of Education Review, Elsevier, vol. 28(5), pages 600-610, October.
  11. Vicente Royuela & Jordi Suriñach, 2009. "Quality in work and aggregate productivity," IREA Working Papers 200901, University of Barcelona, Research Institute of Applied Economics, revised Jan 2009.
  12. Gianni Betti & Antonella D’Agostino & Laura Neri, 2011. "Educational Mismatch of Graduates: a Multidimensional and Fuzzy Indicator," Social Indicators Research, Springer, vol. 103(3), pages 465-480, September.
  13. Keith A. Bender & John S. Heywood, 2009. "Educational Mismatch among Ph.D.s: Determinants and Consequences," NBER Chapters, in: Science and Engineering Careers in the United States: An Analysis of Markets and Employment, pages 229-255 National Bureau of Economic Research, Inc.

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