Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/145172
Authors: 
Grund, Christian
Rubin, Maike
Year of Publication: 
2016
Series/Report no.: 
IZA Discussion Papers 10038
Abstract: 
We combine status quo and social comparison considerations and investigate whether relative wage increases in the sense of differences between individual wage increases and wage increases of comparable employees are related to managers' job satisfaction. Using a panel data set of managers in the German chemical industry, we indeed find first evidence. The relation between relative wage increases and job satisfaction is relevant for managers with lower absolute wage levels in particular.
Subjects: 
job satisfaction
reference points
social comparisons
status quo preferences
wage increases
JEL: 
M52
J28
J31
Document Type: 
Working Paper

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