Social Comparisons of Wage Increases and Job Satisfaction
نویسندگان
چکیده
Social Comparisons of Wage Increases and Job Satisfaction* We combine status quo and social comparison considerations and investigate whether relative wage increases in the sense of differences between individual wage increases and wage increases of comparable employees are related to managers’ job satisfaction. Using a panel data set of managers in the German chemical industry, we indeed find first evidence. The relation between relative wage increases and job satisfaction is relevant for managers with lower absolute wage levels in particular. JEL Classification: M52, J28, J31
منابع مشابه
IZA Discussion Paper No. 387
The Impact of Wage Increases on Job Satisfaction – Empirical Evidence and Theoretical Implications The impact of wage increases on job satisfaction are explored. First, it is empirically established that current job satisfaction rises with absolute wage level as well as with wage increases. Second, a basic job satisfaction function is constructed based on the empirical results, and theoretical ...
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