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Image and Reality: the Case of Job Satisfaction

By Ada Ferrer-i-Carbonell, Bernard M.S. Van Praag and Ioannis Theodossiou

Abstract

This study makes a distinction between two types of utility. Experienced utility is defined as the job satisfaction derived from the present job, estimated by using a subjective evaluation of job satisfaction. Anticipated utility is defined as the individual’s anticipated job satisfaction before starting the job and it is studied by using a stated preference methodology known as conjoint analysis. The results suggest that the two utility concepts are different. Information about experienced utility is useful for the evaluation of well-being policies and the welfare effects of various employer strategies. Anticipated utility provides knowledge about the job search process.European Commission, Fifth Framework Programme "Improving Human Potential" (contract number: HPSE-CT-2002-00143)

Topics: conjoint analysis, experienced utility, decision utility, job satisfaction, subjective well-being
Publisher: AIAS, Amsterdam Institute of Labour Studies, University of Amsterdam
Year: 2006
OAI identifier: oai:aura.abdn.ac.uk:2164/126
Journal:

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