Job Satisfaction and On-the-Job Search: A Theoretical and Empirical Approach
Abstract
This paper presents a theoretical model of on-the-job search (OJS) based on the maximization of the intertemporal utility of work. The theoretical framework outlined is a translation in terms of utility of that proposed by Burdett (1978), which is based on the maximization of expected labour income. The new model derives two levels of reservation utility, instead of two reservation wages. This result allows linking the likelihood of OJS with the level of job satisfaction. The theoretical model is empirically tested using a representative survey of the wage earner population in Spain (ECVT, 2004).
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