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Measuring job quality and job satisfaction

  • E. SCHOKKAERT
  • E. VERHOFSTADT

    ()

  • L. VAN OOTEGEM
  • -

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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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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Web page: http://www.ugent.be/eb

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  1. Luis Diaz-Serrano & Jose A. Cabral Vieira, 2005. "Low-pay higher pay and job satisfaction within the European Union: empirical evidence from fourteen countries," Economics, Finance and Accounting Department Working Paper Series n1560405, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.
  2. Louis Lévy-Garboua & Claude Montmarquette, 1997. "Reported Job Satisfaction: What Does It Mean?," CIRANO Working Papers 97s-09, CIRANO.
  3. Anna Cristina D'Addio & Tor Eriksson & Paul Frijters, 2007. "An analysis of the determinants of job satisfaction when individuals' baseline satisfaction levels may differ," Applied Economics, Taylor & Francis Journals, vol. 39(19), pages 2413-2423.
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