Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/22830 
Erscheinungsjahr: 
2003
Schriftenreihe/Nr.: 
Bonn Econ Discussion Papers No. 1/2003
Verlag: 
University of Bonn, Bonn Graduate School of Economics (BGSE), Bonn
Zusammenfassung: 
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.
Schlagwörter: 
Job satisfaction
Wage increases
Habit formation
Wage profiles
Relative utility
JEL: 
M12
J28
M54
J30
Dokumentart: 
Working Paper

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