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 implications are analysed. It is shown that the myopic maximisation of such a function directly implies increasing and concave shaped age-earnings profiles.

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Year of publication:	2001-11
Authors:	Grund, Christian ; Sliwka, Dirk
Institutions:	Institute for the Study of Labor (IZA)
Subject:	Job satisfaction \| wage increases \| habit formation \| age-earnings profiles

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1 Number 387 20 pages
Classification:	J28 - Safety; Accidents; Industrial Health; Job Satisfaction, Related Public Policy ; J30 - Wages, Compensation, and Labor Costs. General ; M12 - Personnel Management
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005566597