Job quality is important to individual well-being. Job quality can have positive returns for firms, as workers reciprocate through greater effort, retention, and engagement. How workers value job domains seems to be stable over time, and workers appear to match to jobs that accord with their values. Job satisfaction can reflect the distribution of job quality. Lack of information, distortionary taxes, or an imbalance of bargaining power between workers and firms may prevent labor markets from providing the optimal level of job quality on their own.
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Andrew E. Clark (2015) studied this question.
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