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dc.contributor.authorHamermesh, Daniel S.en_US
dc.coverage.temporal1978-1996en_US
dc.date.accessioned2009-01-28T16:17:32Z-
dc.date.available2009-01-28T16:17:32Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/20879-
dc.description.abstractThe distribution of job satisfaction widened across cohorts of young men in the U.S. between 1978 and 1988, and between 1978 and 1996, in ways correlated with changing wage inequality. Satisfaction among workers in upper earnings quantiles rose relative to that of workers in lower quantiles. An identical phenomenon is observed among men in West Germany in response to a sharp increase in the relative earnings of high-wage men in the mid-1990s. Several hypotheses about the determinants of satisfaction are presented and examined using both cross-section data on these cohorts and panel data from the NLSY and the German SOEP. The evidence is most consistent with workers? regret about the returns to their investment in skills affecting their satisfaction. Job satisfaction is especially responsive to surprises in the returns to observable skills, less so to surprises in the returns to unobservables; and the effects of earnings shocks on job satisfaction dissipate over time.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 42en_US
dc.subject.jelJ28en_US
dc.subject.ddc330en_US
dc.subject.keywordJob satisfactionen_US
dc.subject.keywordwage inequalitiy returns to human capitalen_US
dc.subject.keywordearnings shocksen_US
dc.subject.stwArbeitszufriedenheiten_US
dc.subject.stwLohnstrukturen_US
dc.subject.stwBildungsertragen_US
dc.subject.stwSch├Ątzungen_US
dc.subject.stwUSAen_US
dc.subject.stwDeutschlanden_US
dc.titleThe Changing Distribution of Job Satisfactionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn269460632en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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