Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/33490 
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dc.contributor.authorGrund, Christianen
dc.contributor.authorSliwka, Dirken
dc.date.accessioned2006-04-04-
dc.date.accessioned2010-07-07T09:12:12Z-
dc.date.available2010-07-07T09:12:12Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1879en
dc.subject.jelM54en
dc.subject.jelJ28en
dc.subject.jelJ30en
dc.subject.jelM12en
dc.subject.ddc330en
dc.subject.keywordjob satisfactionen
dc.subject.keywordwage increasesen
dc.subject.keywordwage profilesen
dc.subject.keywordreference dependent utilityen
dc.subject.keywordhabit formationen
dc.subject.keywordloss aversionen
dc.subject.stwLohnniveauen
dc.subject.stwLeistungsmotivationen
dc.subject.stwNutzenfunktionen
dc.subject.stwPanelen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleReference dependent preferences and the impact of wage increases on job satisfaction: theory and evidence-
dc.type|aWorking Paperen
dc.identifier.ppn504525905en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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