Job Satisfaction in Spain. Analysis of the Factors in the Economic Crisis of 2008

Abstract

We show that job-related variables better explain job satisfaction through linear models (ANOVA). We also eliminate interactions between 14 job-related variables through a principal-component analysis. From the obtained factors, we propose a stepwise multiple regression analysis that explains how job-related variables affect job satisfaction. The factor 1 formed by activity, personal development and motivation is the one that better explains job satisfaction every year. We find that personal motivation has the highest influence on job satisfaction; wages affect job satisfaction the least during economic crises and economic growth. We also find that during an economic crisis job satisfaction is higher, whereas stability and wages are not higher, because jobs are less stable and wages are lower.