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http://ssrn.com/abstract=289100
 
 

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The Impact of Wage Increases on Job Satisfaction - Empirical Evidence and Theoretical Implications


Christian Grund


RWTH Aachen University - School of Economics and Business Administration; Institute for the Study of Labor (IZA)

Dirk Sliwka


University of Cologne - Department of Business Administration and Human Resource Management; Institute for the Study of Labor (IZA)

November 2001

IZA Discussion Paper No. 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 analyzed. It is shown that the myopic maximization of such a function directly implies increasing and concave shaped age-earnings profiles.

Number of Pages in PDF File: 20

Keywords: Job Satisfaction, Wage Increases, Habit Formation, Age-earnings Profiles

JEL Classification: J28, J30, M12

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Date posted: November 5, 2001  

Suggested Citation

Grund, Christian and Sliwka, Dirk, The Impact of Wage Increases on Job Satisfaction - Empirical Evidence and Theoretical Implications (November 2001). IZA Discussion Paper No. 387. Available at SSRN: http://ssrn.com/abstract=289100

Contact Information

Christian Grund (Contact Author)
RWTH Aachen University - School of Economics and Business Administration ( email )
Aachen
Germany
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Dirk Sliwka
University of Cologne - Department of Business Administration and Human Resource Management ( email )
Koln, 50923
Germany
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
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