Searching for Higher Job Satisfaction

Leo Goldman, Gizem Kosar and Kyle Smith

No 20200304c, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Job-to-job transitions—those job moves that occur without an intervening spell of unemployment—have been discussed in the literature as a driver of wage growth. Economists typically describe the labor market as a “job ladder” that workers climb by moving to jobs with higher pay, stronger wage growth, and better benefits. It is important, however, that these transitions not be interspersed with periods of unemployment, both because such downtime could lead to a loss in accumulated human capital and because “on-the-job search” is more effective than searching while unemployed. Yet little is known about what leads workers to search for jobs while employed. This post aims to shed light on one such possible mechanism—namely, how current job satisfaction is related to job search behavior.

Keywords: job satisfaction; job mobility; mobility expectations (search for similar items in EconPapers)
JEL-codes: J01 J3 (search for similar items in EconPapers)
Date: 2020-03-04
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