What makes workers happy? Here we argue that pure 'rank' matters. It is currently believed that wellbeing is determined partly by an individual's absolute wage (say, 30,000 dollars a year) and partly by the individual's relative wage (say, 30,000 dollars compared to an average in the company or...

What makes workers happy? Here we argue that pure "rank" matters. It is currently believed that wellbeing is determined partly by an individual's absolute wage (say, 30,000 dollars a year) and partly by the individual's relative wage (say, 30,000 dollars compared to an average in the company or...

In recent years a number of studies have analysed the consequences of offshoring for developed economies in general and for the UK in particular. Nevertheless, there has been relatively little research on how individual workers in the UK respond to offshoring. Watson Wyatt conducted an extensive...