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September 17, 2025

Disentangling Job Satisfaction: The Roles of Monetary and Non‐Monetary Factors Across Job Types and Income Levels

Key Points

Job satisfaction significantly varies by job type and income levels, revealing nuanced influences of monetary and non‐monetary factors.
Individuals in certain job types place greater importance on monetary factors, while overall job satisfaction is more affected by non‐monetary aspects.
Monetary satisfaction does not explain overall job satisfaction as effectively as other non‐monetary factors, especially across diverse income levels.
The analysis used data from the British Household Panel Survey, accounting for variables like gender and employment type.

Abstract

ABSTRACT We examine how specific components of job satisfaction influence overall job satisfaction and how these vary by job type and income. We use the British Household Panel Survey (BHPS), which includes measures of satisfaction with total pay, job security, type of work and hours worked. Our results show significant variation in the composition of job satisfaction across job types and income levels. First, we find that pay satisfaction is less important in explaining overall satisfaction than other non‐monetary aspects. However, individuals in some job types systematically rate the monetary aspects of their job more highly than others. In addition, job satisfaction of individuals with different income levels is explained differently by job satisfaction domains. Our results are robust when we narrow down the sample by considering factors such as gender (males or females), employment type (full‐ or part‐time) and further job satisfaction components.

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Cite This Study

Bernini et al. (Tue,) studied this question.

synapsesocial.com/papers/68d45b3431b076d99fa5dc13 https://doi.org/https://doi.org/10.1111/bjir.70013

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