Job satisfaction and co-worker wages: status or signal?

Abstract : We use matched employer-employee panel data to show that individual job satisfaction is higher when other workers in the same establishment are better-paid. This runs counter to substantial existing evidence of income comparisons in subjective well-being. We argue that the difference hinges on the nature of the reference group. Here we use co-workers. Their earnings not only induce jealousy but also provide a signal about the worker's own future earnings. In our data, this positive future earnings signal outweighs any negative status effect. This phenomenon is stronger for men and in the private sector but weaker for those nearer retirement.
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Article dans une revue
Economic Journal, Wiley, 2009, 119 (536), pp.430-447. 〈10.1111/j.1468-0297.2008.02236.x〉
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Contributeur : Caroline Bauer <>
Soumis le : mardi 20 novembre 2012 - 09:37:00
Dernière modification le : jeudi 11 janvier 2018 - 06:19:17

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Andrew E. Clark, Nicolai Kristensen, Niels Westergaard-Nielsen. Job satisfaction and co-worker wages: status or signal?. Economic Journal, Wiley, 2009, 119 (536), pp.430-447. 〈10.1111/j.1468-0297.2008.02236.x〉. 〈halshs-00754388〉

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