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Title: Job Satisfaction as an Economic Variable
Resulting in 1 citation.
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Freeman, Richard B. |
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Job Satisfaction as an Economic Variable American Economic Review 68,2 (May 1978): 135-140. Also: http://www.jstor.org/stable/1816677 Cohort(s): Older Men, Young Men Publisher: American Economic Association Keyword(s): Job Satisfaction; Mobility; Mobility, Labor Market; Quits; Unions Permission to reprint the abstract has not been received from the publisher. Satisfaction is shown to be a major determinant of labor market mobility, in part, it is argued, because it reflects aspects of the workplace not captured by standard objective variables. Satisfaction is also found to depend anomolously on some economic variables (such as unionism) in ways that provide insight into how those factors affect people. Most variables like age, wages, and a race dummy had the expected opposite coefficients on satisfaction compared to quits. Overall, the results of comparing satisfaction as a dependent variable with quits indicates that, consistent with economists' suspicions, satisfaction cannot be treated in the same ways as standard economic variables. The divergent effects the unions and to a lesser extent tenure have on satisfaction and quits suggests that at least some economic institutions and variables have very distinct effects on the subjective way in which individuals view their job satisfaction. The empirical analysis finds job satisfaction to be a major determinant of labor market mobility and turns up puzzling relations between certain economic variables, notably unionism, and satisfaction that appear attributable to the subjective nature of the variable. |
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Bibliography Citation
Freeman, Richard B. "Job Satisfaction as an Economic Variable." American Economic Review 68,2 (May 1978): 135-140.
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