(University of Aberdeen Business School, 2006) Theodossiou, Ioannis; Zangelidis, Alexandros
This 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.
