Does Job Matching Explain Job Satisfaction? Evidence for UK Graduates
This paper builds on recent work describing relative job satisfaction. Using an ordered probit estimation technique we examine the job satisfaction of recent UK graduates. We focus primarily on explaining job satisfaction in terms of individual matching to jobs, with the match depending on reservation returns, information sets and job offer rates. In addition, we stylise graduates as a peer group who form satisfaction levels based on their rankings relative to each other. We then examine whether or not education quality which raises peer group status and increases the job offer rate is systematically related to job satisfaction.
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