"The Further We Stretch the Higher the Sky" - On the Impact of Wage Increases on Job Satisfaction

Arbeitspapier

The impact of wage increases on job satisfaction is explored. First, it is empirically confirmed that current job satisfaction rises with the absolute wage level as well as with wage increases. Second, a basic job satisfaction function is constructed based on the empirical results, and theoretical implications are analyzed. Myopic maximization of such a function directly implies increasing and concave shaped wage profiles. It is shown that employees get unhappier over time staying on a certain job although wages increase, which again is empirically confirmed.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Bonn Econ Discussion Papers ; No. 1/2003

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Personnel Management; Executives; Executive Compensation ; Safety; Job Satisfaction; Related Public Policy ; Personnel Economics: Labor Management ; Wages, Compensation, and Labor Costs: General
• Thema: Job satisfaction ; Wage increases ; Habit formation ; Wage profiles ; Relative utility ; Lohn ; Arbeitszufriedenheit ; Schätzung ; Deutschland

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Grund, Christian ; Sliwka, Dirk
• Ereignis: Veröffentlichung
• (wer): University of Bonn, Bonn Graduate School of Economics (BGSE)
• (wo): Bonn
• (wann): 2003

Weitere Informationen

• Handle: http://hdl.handle.net/10419/22830
• Letzte Aktualisierung: 20.09.2024, 08:22 MESZ