Researchers have said that well-educated graduates who entered the workforce during economic downturns were happier with their work than those who first searched for jobs during more prosperous times.
In fact, they were happier with their jobs both early and late in their careers, even when they earned less money.
Author Emile C. Bianchi wrote that people who entered the workforce in bad economies were less likely to entertain thoughts about how they might have done better, and more likely to feel grateful for their jobs, both of which mediated the relationship between economic conditions at workforce entry and job satisfaction.
The new article has been published from Administrative Science Quarterly.