Measuring job quality and job satisfaction
AbstractJob quality is a multi-dimensional concept that has become prominent on the agenda of policy-makers. There is no consensus about how to measure and how to monitor it. In this paper we compare often used objective and subjective indicators of job quality. We argue that objective indicators are .too objective, as they neglect interindividual differences in preferences, while subjective job satisfaction is .too subjective, as it also reflects differences in aspirations. We propose an alternative measure of job quality in terms of equivalent incomes that does respect individual preferences but rules out aspirations. We illustrate our approach with Flemish data on school-leavers (SONAR) using the information on the .rst job of the 1978 birth cohort. We compare the results for the equivalent income indicator with the results of objective and subjective indicators.
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Bibliographic InfoPaper provided by Ghent University, Faculty of Economics and Business Administration in its series Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium with number 09/620.
Length: 31 pages
Date of creation: Dec 2009
Date of revision:
job quality; job satisfaction;
Find related papers by JEL classification:
- J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
- J80 - Labor and Demographic Economics - - Labor Standards - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-04-17 (All new papers)
- NEP-HAP-2010-04-17 (Economics of Happiness)
- NEP-LAB-2010-04-17 (Labour Economics)
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