Analysis of Job Satisfaction: The Case ofJapanese Private Companies

Abstract

The scope of economic theory expands if we consider that working provides people with both pecuniary compensation for its disutility and job satisfaction. This study empirically analyzes the job satisfaction of employees in Japanese private companies using a multivariate ordered probit model. In particular, we examine the effects of a big economic shock, such as the Lehman shock, on job satisfaction, as well as the effects of differences in gender and employment status. We estimate the model using a Bayesian analysis and a multivariate ordered probit model using the Markov chain Monte Carlo method. We show that non‐pecuniary aspects of jobs play an important role in job satisfaction.

Labour Market Preferences of Retrenched Australian Auto Industry Workers for Job Quality and Meaningful Work*

“…Despite the lack of policy attention paid to supporting redundant workers' preferences, there has been a sizeable volume of research conducted on job satisfaction, and as would be expected of a large body of research, various job attributes have been studied for their impact on job satisfaction. For example, Hasegawa and Ueda (2016) looked at the impacts of gender and marriage, Mishra (2013) considered the quality and scope of training, management capability and teamwork, Badillo‐Amador and Vila (2013) and Vila and García‐Mora (2005) examined education level and skill mismatch, and Bryson et al . (2004) looked at the impact of union membership.…”