Job satisfaction and quits
Copyright policy )Job satisfaction and quits
We test the wealth maximization theory of quitting behavior on the German Socioeconomic Panel (1985-2003). With the interpretation of job satisfaction as an expression of the experienced preference for the present job against available alternatives, the propensity to stay in the present job is simply related to the residual of a job satisfaction equation. We show that this residual is a better predictor of quits than the overall level of satisfaction. Furthermore, we validate a dynamic extension of the economic theory of quits for which uncertainty in the expectation of future events plays a decisive role.
Voluntary quit, job satisfaction, surprises, wealth maximization model, Voluntary quit,job satisfaction,surprises,wealth maximization model, 330, [SHS.PSY]Humanities and Social Sciences/Psychology, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, Voluntary quit, [SHS.PSY] Humanities and Social Sciences/Psychology, surprises, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, wealth maximization model, job satisfaction
Voluntary quit, job satisfaction, surprises, wealth maximization model, Voluntary quit,job satisfaction,surprises,wealth maximization model, 330, [SHS.PSY]Humanities and Social Sciences/Psychology, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, Voluntary quit, [SHS.PSY] Humanities and Social Sciences/Psychology, surprises, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, wealth maximization model, job satisfaction
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