Reference Dependent Preferences and the Impact of Wage Increases on Job Satisfaction: Theory and Evidence
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- Christian Grund & Dirk Sliwka, 2007. "Reference-Dependent Preferences and the Impact of Wage Increases on Job Satisfaction: Theory and Evidence," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 163(2), pages 313-335, June.
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More about this item
Keywords
habit formation; loss aversion; reference dependent utility; wage profiles; wage increases; job satisfaction;JEL classification:
- M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management
- J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ALL-2005-12-20 (All new papers)
- NEP-CBE-2005-12-20 (Cognitive & Behavioural Economics)
- NEP-HRM-2005-12-20 (Human Capital & Human Resource Management)
- NEP-LAB-2005-12-20 (Labour Economics)
- NEP-UPT-2005-12-20 (Utility Models & Prospect Theory)
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