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Job Satisfaction of Older Workers as a Factor of Promoting Labour Market Participation in the EU: The Case of Slovenia

Author

Listed:
  • Aristovnik, Aleksander
  • Jaklič, Ksenja

Abstract

This paper deals with the study of older workers’ job satisfaction as a factor that, combined with other personal and job-related factors, can significantly influence the decision to postpone retirement when this decision is in the hands of an individual. Starting from the fact that the employment rate of older workers in Slovenia in 2011 was the lowest in the EU, the article aims to establish the level of older workers’ job satisfaction in Slovenia compared to the EU, analyse its dimensions, its specifics related to age, gender, sector of economic activities and type of profession, as well as ascertain what determines it the most. A statistical analysis of the results of the Fifth European Working Conditions Survey of 2010 reveals that Slovenia ranks 15th among the EU member states in terms of older workers’ job satisfaction, thus lagging behind the EU average. While Slovenian older workers, the same as their European counterparts, are most satisfied with doing useful work and the least with their prospects for career advancement, a comparison with other EU member states shows that they are relatively dissatisfied with working conditions, salary and adequacy of the motivation to give one’s best performance, and relatively satisfied with doing useful work and with their colleagues. The analysis also shows that the level of older workers’ job satisfaction in Slovenia is determined most by their satisfaction with the adequacy of the motivation to give one’s best performance.

Suggested Citation

  • Aristovnik, Aleksander & Jaklič, Ksenja, 2013. "Job Satisfaction of Older Workers as a Factor of Promoting Labour Market Participation in the EU: The Case of Slovenia," MPRA Paper 48809, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:48809
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    File URL: https://mpra.ub.uni-muenchen.de/48809/1/MPRA_paper_48809.pdf
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    References listed on IDEAS

    as
    1. Kène Henkens & Joop Schippers, 2012. "Active ageing in Europe: the role of organisations," International Journal of Manpower, Emerald Group Publishing, vol. 33(6), pages 604-611, September.
    2. Sašo Polanec & Aleš Ahčan & Miroslav Verbič, 2013. "Retirement decisions in transition: microeconometric evidence from Slovenia," Post-Communist Economies, Taylor & Francis Journals, vol. 25(1), pages 99-118, March.
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    Cited by:

    1. Raab, Roman, 2016. "Workplace perception and job-satisfaction of older workers," MPRA Paper 70917, University Library of Munich, Germany.
    2. Miroslav Verbič & Rok Spruk, 2014. "Aging Population and Public Pensions: Theory and Macroeconometric Evidence," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(3), pages 289-316, June.

    More about this item

    Keywords

    older workers; job satisfaction; employment; labour market participation; EU; Slovenia;

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy

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