Human Capital, Matching and Job Satisfaction

| Publication date: 19 Mar 2012 | Theme: Employment & Social policy | NIESR Author(s): Bryson, A | External Author(s): Barmby, T. and Eberth, B. | JEL Classification: j24; j28

Using a model of wage determination developed by Stevens (2003) we offer an explanation of why tenure has a negative effect when entered in job satisfaction equations. If job satisfaction measures match quality, then the explanation follows from a model of the labour market in which workers accumulate specific human capital at the firm they work and the way in which this accumulation affects the way workers react to outside job opportunities.

Keyword tags: 
job satisfaction
job match quality
human capital
job tenure

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