Income Inequality and Job Satisfaction of Full-Time Employees in Germany
Using data from the German Socio-Economic Panel Study (SOEP), it is shown that income comparisons with persons who are better off has a clear impact on the job satisfaction of West German full-time employees. Two contrary effects can be identified. On the one hand, there is an aversion to disadvantageous regional income inequality, while, on the other hand, individuals prefer inequality within their occupational group. The two effects are interpreted as envy and an information (or ‘tunnel’) effect, respectively. The analysis of income comparison with persons who are worse off suggests a prestige effect. However, downward comparison is of minor importance for job satisfaction.
Volume (Year): 18 (2009)
Issue (Month): 2 (June)
|Contact details of provider:|| Postal: |
Web page: http://pi.library.yorku.ca/ojs/index.php/jid/index
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:jid:journl:y:2009:v:18:i:2:p:70-91. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Benjamin Nicholls)
If references are entirely missing, you can add them using this form.