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Human Capital, Matching and Job Satisfaction

Author

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  • Tim Barmby
  • Alex Bryson
  • Barbara Eberth

Abstract

Using a model of wage determination developed by Stevens (2003) we offer an explanation of why tenure has a negative effect when entered in job satisfaction equations. If job satisfaction measures match quality, then the explanation follows from a model of the labour market in which workers accumulate specific human capital at the firm they work and the way in which this accumulation affects the way workers react to outside job opportunities.

Suggested Citation

  • Tim Barmby & Alex Bryson & Barbara Eberth, 2012. "Human Capital, Matching and Job Satisfaction," CEP Discussion Papers dp1151, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepdps:dp1151
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    References listed on IDEAS

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    1. Freeman, Richard B, 1978. "Job Satisfaction as an Economic Variable," American Economic Review, American Economic Association, vol. 68(2), pages 135-141, May.
    2. Ferreira, Priscila & Taylor, Mark, 2011. "Measuring match quality using subjective data," Economics Letters, Elsevier, vol. 113(3), pages 304-306.
    3. Margaret Stevens, 2003. "Earnings Functions, Specific Human Capital, and Job Matching: Tenure Bias Is Negative," Journal of Labor Economics, University of Chicago Press, vol. 21(4), pages 783-806, October.
    4. James L. Medoff & Katharine G. Abraham, 1980. "Experience, Performance, and Earnings," The Quarterly Journal of Economics, Oxford University Press, vol. 95(4), pages 703-736.
    5. George J. Borjas, 1979. "Job Satisfaction, Wages, and Unions," Journal of Human Resources, University of Wisconsin Press, vol. 14(1), pages 21-40.
    6. Theodossiou, I. & Zangelidis, A., 2009. "Career prospects and tenure-job satisfaction profiles: Evidence from panel data," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(4), pages 648-657, August.
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    Cited by:

    1. repec:bla:indres:v:56:y:2017:i:2:p:203-235 is not listed on IDEAS
    2. Sá Nchez Sellero, Mª Carmen & Sá Nchez Sellero, Pedro, 2014. "Incidencia de las características personales e inherentes al empleo sobre la satisfacción de los trabajadores en España/Effect of the Personal and Job-Related Features on the Labour Satisfaction in Sp," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 32, pages 311-334, Enero.
    3. Chaudhuri, Kausik & Reilly, Kevin T. & Spencer, David A., 2015. "Job satisfaction, age and tenure: A generalized dynamic random effects model," Economics Letters, Elsevier, vol. 130(C), pages 13-16.
    4. Laetitia Hauret & Donald R. Williams, 2017. "Cross-National Analysis of Gender Differences in Job Satisfaction," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 56(2), pages 203-235, April.

    More about this item

    Keywords

    Job satisfaction; job match quality; human capital; job tenure;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy

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