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Jobs as Lancaster Goods: Facets of Job Satisfaction and Overall Job Satisfaction

By Ali Skalli, Ioannis Theodossiou and Efi Vasileiou

Abstract

Overall job satisfaction is likely to reflect the combination of partial satisfactions related to various\ud features of one’s job, such as pay, security, the work itself, working conditions, working hours, and the\ud like. The level of overall job satisfaction emerges as the weighted outcome of the individual’s job\ud satisfaction with each of these facets. The purpose of this study is to determine the extent and importance\ud of partial satisfactions in affecting and explaining overall job satisfaction. Using the European Community\ud Household Panel (ECHP) a two layer model is estimated which proposes that job satisfaction with\ud different facets of jobs are interrelated and the individual’s reported overall job satisfaction depends on the\ud weight that the individual allocates to each of these facets. For each of the ten countries examined,\ud satisfaction with the intrinsic aspects of the job is the main criterion which workers use to evaluate their\ud job and this is true for both the short and the long term.European Commissio

Topics: Job satisfaction, Earnings, Working conditions, Working time, Job security, Type of work
Year: 2007
OAI identifier: oai:aura.abdn.ac.uk:2164/105
Journal:

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