@techreport{Grund2003Further,
abstract = {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.},
author = {Christian Grund and Dirk Sliwka},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {M12; J28; M54; J30; 330; Job satisfaction; Wage increases; Habit formation; Wage profiles; Relative utility; Lohn; Arbeitszufriedenheit; Sch\"{a}tzung; Deutschland},
language = {eng},
number = {2003,1},
title = {The Further We Stretch the Higher the Sky: On the Impact of Wage Increases on Job Satisfaction},
type = {Bonn econ discussion papers},
url = {http://hdl.handle.net/10419/22830},
year = {2003}
}
