The impact of wage increases on job satisfaction : empirical evidence and theoretical implications

Christian Grund; Dirk Sliwka

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
Authors:	Grund, Christian ; Sliwka, Dirk
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Job satisfaction \| wage increases \| habit formation \| age-earnings profiles \| Arbeitszufriedenheit \| Lohn \| Wages \| Erwerbsverlauf \| Occupational attainment \| Schätzung \| Estimation \| Deutschland \| Germany

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Erscheint auch als (Druck-Ausgabe):

Grund, Christian *1971-*. The impact of wage increases on job satisfaction. - Bonn : IZA, 2001. - 17 S

Persistent link: https://www.econbiz.de/10011404103