English, Article, Journal or magazine article edition: "The Further We Stretch the Higher the Sky" - On the Impact of Wage Increases on Job Satisfaction Christian Grund; Dirk Sliwka

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Bookmark: http://trove.nla.gov.au/version/52549
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • "The Further We Stretch the Higher the Sky" - On the Impact of Wage Increases on Job Satisfaction
Author
  • Christian Grund
  • Dirk Sliwka
Physical Description
  • preprint
Notes
  • 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.
  • Job satisfaction, Wage increases, Habit formation, Wage profiles, Relative utility
  • RePEc:bon:bonedp:bgse1_2003
Language
  • English
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