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Measuring job quality and job satisfaction

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  • E. SCHOKKAERT
  • E. VERHOFSTADT

    ()

  • L. VAN OOTEGEM
  • -

Abstract

Job 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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File URL: http://www.feb.ugent.be/nl/Ondz/wp/Papers/wp_09_620.pdf
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Bibliographic Info

Paper 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.

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Length: 31 pages
Date of creation: Dec 2009
Date of revision:
Handle: RePEc:rug:rugwps:09/620

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Keywords: job quality; job satisfaction;

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  1. Levy-Garboua, Louis & Montmarquette, Claude, 2004. "Reported job satisfaction: what does it mean?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 33(2), pages 135-151, April.
  2. Anna Cristina D’Addio & Tor Eriksson & Paul Frijters, 2003. "An Analysis of the Determinants of Job Satisfaction when Individuals’ Baseline Satisfaction Levels May Differ," CAM Working Papers 2003-16, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
  3. Diaz-Serrano, Luis & Vieira, José António Cabral, 2005. "Low Pay, Higher Pay and Job Satisfaction within the European Union: Empirical Evidence from Fourteen Countries," IZA Discussion Papers 1558, Institute for the Study of Labor (IZA).
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