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http://dx.doi.org/10.12812/ksms.2020.22.1.061

An Econometric Study of Job Aspiration Effect on the Job Satisfaction using Korean Working Condition Survey  

Lee, Jaehee (Korea Institute of Child Care and Education)
Lim, Sung-Jun (Chung-Ang University)
Park, Jinbeak (Korea Appraisal Board)
Publication Information
Journal of the Korea Safety Management & Science / v.22, no.1, 2020 , pp. 61-68 More about this Journal
Abstract
The purpose of this study was to measure the job aspiration and examine the relationship between that and job satisfaction for wage-earners using the fourth Korean Working Conditions Survey(KWCS). We use the stochastic frontier model for measuring the job aspiration and testing its effect on the job satisfaction. Fstochastic frontier model is introduced to explain that each company potentially produces less than it might due to a degree of job aspiration, measured by decomposing the residuals. In this model framework, it can be regard that the upper bound of the job satisfaction is the ideal frontier, and the bias between the ideal condition and the reality is the job aspiration. If this concept is applicable to the job aspiration, we can measure this bias and investigate a relationship with the job satisfaction. We find that there exists the job aspiration, and it is significantly negatively correlated with the job satisfaction. This result supports that if job aspiration increases, job satisfaction level decreases.
Keywords
Job Aspiration; Stochastic Frontier Model; Korean Working Condition Survey;
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