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Title: Image and Reality: the Case of Job Satisfaction
Authors: Ferrer-i-Carbonell, Ada
Van Praag, Bernard M.S.
Theodossiou, Ioannis
Keywords: conjoint analysis
experienced utility
decision utility
job satisfaction
subjective well-being
Issue Date: 10-Mar-2006
Publisher: AIAS, Amsterdam Institute of Labour Studies, University of Amsterdam
Series/Report no.: University of Aberdeen Business School Working Paper Series
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.
ISSN: 0143-4543
Appears in Collections:Economics research
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