Economics research
Permanent URI for this collectionhttps://hdl.handle.net/2164/555
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Item Making the Risk of Job Loss a Way of Life: Does it Affect Job Satisfaction?(2007) Theodossiou, Ioannis; Vasileiou, EfiThis study investigates the relationship between job satisfaction and job security in European countries. In doing so, it attempts to take into account the endogenous nature of the job security – job satisfaction relationship after controlling for the various economic and personal characteristics. The results show that, workers in jobs with low likelihood of job termination derive higher utility from work compared to the workers in insecure jobs. This holds even after controlling for endogeneity by using both a conventional IV approach and a selection model. This appears to be the case for both men and women.Item Jobs as Lancaster Goods: Facets of Job Satisfaction and Overall Job Satisfaction(2007) Skalli, Ali; Theodossiou, Ioannis; Vasileiou, EfiOverall 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.Item Do Career Prospects Make Happy Workers? Evidence from Panel Data(University of Aberdeen Business School, 2006) Theodossiou, Ioannis; Zangelidis, AlexandrosThis paper investigates the relationship between career profile, job tenure, earnings and job satisfaction utilising the British Household Panel Survey Dataset (BHPS). Career status is modelled as an endogenous variable, subject to an initial job choice and the potential endogeneity of the tenure-earnings and tenure-job satisfaction relationship is taken into account by the use of instrumental variable estimation. It is found that job satisfaction of individuals employed in jobs with career prospects is not only higher compared with those who are not, but also that their returns to tenure in terms of job satisfaction are significantly higher.