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Title:The Impact of Wage Increases on Job Satisfaction: Empirical Evidence and Theoretical Implications PDF Logo
Authors:Grund, Christian
Sliwka, Dirk
Issue Date:2001
Series/Report no.:IZA Discussion paper series 387
Abstract: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.
Subjects:Job satisfaction
wage increases
habit formation
age-earnings profiles
JEL:J30
M12
J28
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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