Exploring Job Satisfaction in Private and Public Employment: Empirical Evidence from Greece

27 Pages Posted: 24 May 2007

See all articles by Michael Demoussis

Michael Demoussis

University of Patras - Department of Economics

Nicholas Giannakopoulos

University of Patras - Department of Economics

Abstract

This paper analyses subjective job satisfaction (JS) responses by employees in the public and private sectors of the Greek labour market. Panel data covering the period 1995-2001 and a random effects ordered probit model are used for estimation purposes. The results of the econometric estimation show that a substantial JS differential exists between the two sectors, in every JS domain and always in favour of public employment. A typical ordered decomposition analysis indicates that about one-third of the difference in expected JS can be explained by differences in employee characteristics and two-thirds by unobserved sector-specific inbuilt features. The comparison of wage reductions, which a representative employee will be prepared to endure in order to avoid employment in the private sector, reveals that the regularity of working schedules is appreciated more than any other facet of JS. The obtained results enhance the existing apparatus for evaluating government policies in the labour market.

Suggested Citation

Demoussis, Michael and Giannakopoulos, Nicholas, Exploring Job Satisfaction in Private and Public Employment: Empirical Evidence from Greece. Labour, Vol. 21, No. 2, pp. 333-359, June 2007. Available at SSRN: https://ssrn.com/abstract=987409 or http://dx.doi.org/10.1111/j.1467-9914.2007.00370.x

Michael Demoussis (Contact Author)

University of Patras - Department of Economics ( email )

Patras GR-265 04
Greece

HOME PAGE: http://www.geocities.com/michael_demoussis/

Nicholas Giannakopoulos

University of Patras - Department of Economics ( email )

Rio Patras
Achaia Rio
Patras GR-265 04
Greece

HOME PAGE: http://www.geocities.com/giannakopoulos_nicholas/index

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