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

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Series:	IZA Discussion Papers ; 387
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	84421924X [GVK] hdl:10419/21247 [Handle]
Classification:	J30 - Wages, Compensation, and Labor Costs. General ; M12 - Personnel Management ; J28 - Safety; Accidents; Industrial Health; Job Satisfaction, Related Public Policy
Source:	EconStor

Persistent link: https://www.econbiz.de/10010262591