Job satisfaction is a major driver of an individual’s subjective well-being and thus affects public health, societal prosperity, and organizations, as dissatisfied employees are less productive and more likely to change jobs. However, changing jobs does not necessarily lead to higher job satisfaction in the long run: instead, previous studies have shown that changing jobs only increases job satisfaction for a shorter period of time before it gradually falls back to similar levels as before. This phenomenon is known as the honeymoon-hangover pattern. In our study, we identify an important new moderator of the relation between job changes and job satisfaction: the job-education match of job change. Based on relative deprivation theory, we argue that a job change out of overqualification lowers the likelihood of negative comparisons and thus increases the honeymoon period and lessens the hangover. In addition, we investigate whether this moderating effect is weaker for immigrants, since the phenomenon of overqualification occurs more frequently among them. We use data from the Socio-Economic Panel ranging from 1994-2018 and focus specifically on individual-periods of employees before and after job changes (N=134,417). Our results confirm that a change to a qualificationadequate job has a stronger and longer-lasting effect on job satisfaction which is lower for respondents born abroad.