Image and Reality: The Case of Job Satisfaction
University of Aberdeen Business School Working Paper No. 2007-15
Posted: 11 Jan 2008
Date Written: March 2007
This study makes a distinction between two types of utility. Experienced utility is defined as the job satisfaction derived from the present job, estimated by using a subjective evaluation of job satisfaction. Anticipated utility is defined as the individual's anticipated job satisfaction before starting the job and it is studied by using a stated preference methodology known as conjoint analysis. The results suggest that the two utility concepts are different. Information about experienced utility is useful for the evaluation of well-being policies and the welfare effects of various employer strategies. Anticipated utility provides knowledge about the job search process.
Keywords: conjoint analysis, experienced utility, decision utility, job satisfaction, subjective well-being
JEL Classification: C25, D6, J24, J22
Suggested Citation: Suggested Citation