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dc.contributor.authorGrund, Christianen_US
dc.contributor.authorSliwka, Dirken_US
dc.date.accessioned2006-04-04en_US
dc.date.accessioned2010-07-07T09:12:12Z-
dc.date.available2010-07-07T09:12:12Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/33490-
dc.description.abstractThe impact of wage increases on job satisfaction is explored theoretically and empirically. To do this, we apply a utility function that rises with the absolute wage level as well as with wage increases. It is shown that when employees can influence their wages by exerting effort, myopic utility maximization directly implies increasing and concave shaped wage profiles. Furthermore, employees get unhappier over time staying on a certain job although wages increase. Using data from 19 waves of the German Socio-Economic Panel we find empirical support for both the form of the utility function and the decreasing job satisfaction patterns.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 1879en_US
dc.subject.jelM54en_US
dc.subject.jelJ28en_US
dc.subject.jelJ30en_US
dc.subject.jelM12en_US
dc.subject.ddc330en_US
dc.subject.keywordjob satisfactionen_US
dc.subject.keywordwage increasesen_US
dc.subject.keywordwage profilesen_US
dc.subject.keywordreference dependent utilityen_US
dc.subject.keywordhabit formationen_US
dc.subject.keywordloss aversionen_US
dc.subject.stwLohnniveauen_US
dc.subject.stwLeistungsmotivationen_US
dc.subject.stwNutzenfunktionen_US
dc.subject.stwPanelen_US
dc.subject.stwSch├Ątzungen_US
dc.subject.stwDeutschlanden_US
dc.titleReference dependent preferences and the impact of wage increases on job satisfaction: theory and evidenceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn504525905en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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