The Magic of the New: How Job Changes Affect Job

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Keywords: job satisfaction; job changes; new job; honeymoon-hangover effect; plant closure. Acknowledgements: The authors are very grateful to Laszlo ...
IAAEU Discussion Paper Series in Economics No. 05/2014 



The Magic of the New: How Job Changes Affect Job Satisfaction  

Adrian Chadi, Clemens Hetschko

February 2014 

Institute for Labour Law and Industrial Relations in the European Union (IAAEU) 54286 Trier www.iaaeu.de

The Magic of the New: How Job Changes Affect Job Satisfaction Adrian Chadi 

Clemens Hetschko



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Your heart must always be ready to leave, and ready to begin again, must form new bonds with courage and without regret. Every beginning offers a magic power that protects us and helps us to endure. 1

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Figure 1. Mean Job Satisfaction and the Voluntariness of Job Changes (1.2) Mutually agreed termination

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 Note. The remaining shares of changers neither improve nor deteriorate in the respective characteristic.

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 Table 1. The New Job Effect Specification -REFKDQJH -REFKDQJHGXHWRTXLW  -REFKDQJHGXHWRPXWXDODJUHHPHQW  -REFKDQJHGXHWRGLVPLVVDO  -REFKDQJHGXHWRSODQWFORVXUH