Does Wage Rank Affect Employees’ Well-being? September 2007 Forthcoming in Industrial Relations
نویسندگان
چکیده
How do workers make wage comparisons? Both an experimental study and an analysis of 16,000 British employees are reported. Satisfaction and well-being levels are shown to depend on more than simple relative pay. They depend upon the ordinal rank of an individual’s wage within a comparison group. ‘Rank’ itself thus seems to matter to human beings. Moreover, consistent with psychological theory, quits in a workplace are correlated with pay distribution skewness. JEL codes: J3; J28; I31.
منابع مشابه
Does Wage Rank Affect Employees' Well-being? Forthcoming in Industrial Relations Does Wage Rank Affect Employees' Well-being?
How do workers make wage comparisons? Both an experimental study and an analysis of 16,000 British employees are reported. Satisfaction and well-being levels are shown to depend on more than simple relative pay. They depend upon the ordinal rank of an individual’s wage within a comparison group. ‘Rank’ itself thus seems to matter to human beings. Moreover, consistent with psychological theory, ...
متن کاملDoes Wage Rank Affect Employees’ Wellbeing?
How do human beings make wage comparisons? This paper provides empirical support for an approach suggested by the psychologist Allen Parducci. The paper combines an experimental study with an analysis of data on 16,000 British employees. Satisfaction levels are shown to depend not simply upon relative pay but upon an individual’s ordinal rank within a comparison group (for example, whether the ...
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