Wages, Job Satisfaction Changes and Turnover

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  • 賃金と仕事満足の変化と離転職 : 日本家計パネル調査の結果から
  • チンギン ト シゴト マンゾク ノ ヘンカ ト リテンショク : ニホン カケイ パネル チョウサ ノ ケッカ カラ

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Job satisfaction has been a topic of interdisciplinary research in the field of social science. In Japan, many papers have been published on the subject of job satisfaction and employee turnover, but these have used cross-section data, despite panel data being used in job satisfaction research in Europe and the United States. The aim of this study is to ascertain the relationship between wages, job satisfaction changes and turnover using pooled probit and random-effect models. Data from the 2009 to 2011 “Japan Household Panel Survey (JHPS)” provided by the Keio University Joint Research Center for Panel Studies are used to examine business persons’ change of employment, continuation or turnover in 2011. It is robustly shown in the two analytic models that business women’s turnover in Japan is determined by job satisfaction rather than wage. The main finding of this study is that it is important for a woman to obtain satisfaction from her occupation in order to prevent her early retirement.

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