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

University of Aberdeen Business School Working Paper No. 2007-02

Posted: 11 Jan 2008

See all articles by Ali Skalli

Ali Skalli

Université Paris II - Panthéon-Assas - ERMES

Ioannis Theodossiou

University of Aberdeen - Business School

Efi Vasileiou

Université Paris II - Panthéon-Assas

Date Written: January 2007

Abstract

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

Keywords: Overall job satisfaction, earnings, working conditions, working time, job security, type of work

JEL Classification: C23, C25, I31

Suggested Citation

Skalli, Ali and Theodossiou, Ioannis and Vasileiou, Efi, Jobs as Lancaster Goods: Facets of Job Satisfaction and Overall Job Satisfaction (January 2007). University of Aberdeen Business School Working Paper No. 2007-02, Available at SSRN: https://ssrn.com/abstract=1082716

Ali Skalli (Contact Author)

Université Paris II - Panthéon-Assas - ERMES ( email )

92, rue d'Assas - F-75231 Paris Cedex 06
75 230 Paris, Cedex 5
France

Ioannis Theodossiou

University of Aberdeen - Business School ( email )

Edward Wright Building
Dunbar Street
Aberdeen, Scotland AB24 3QY
United Kingdom

Efi Vasileiou

Université Paris II - Panthéon-Assas ( email )

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