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Relative pay and job satisfaction: some new evidence

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  • J Taylor
  • S Bradley
  • A N Nguyen

Abstract

This paper investigates the determinants of job satisfaction using data from the National Educational Longitudinal Study. The determinants of interest include actual pay, relative pay, hours of work, job autonomy and several personal characteristics. We also investigate the determinants of satisfaction with pay conditional on a worker's satisfaction with other domains of job satisfaction, such as satisfaction with job security. We find that relative pay is statistically significant but that its effect on satisfaction with pay is relatively small. Job autonomy has a powerful influence on satisfaction with pay. So too does being black.

Suggested Citation

  • J Taylor & S Bradley & A N Nguyen, 2003. "Relative pay and job satisfaction: some new evidence," Working Papers 541451, Lancaster University Management School, Economics Department.
  • Handle: RePEc:lan:wpaper:541451
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    Cited by:

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    2. Md. Nur Nobi & Tani & Md. Lutfur Rahman Al Azhari & Arif Billah, 2021. "Employees Job Satisfaction of Islami Bank Bangladesh Ltd: A Study on Lakshmipur District," International Journal of Science and Business, IJSAB International, vol. 5(1), pages 42-56.
    3. Ahmed Imran, Hunjra & Muhammad Irfan, Chani & Sher, Aslam & Muhammad, Azam & Kashif-Ur, Rehman, 2010. "Factors Affecting job satisfaction of employees in Pakistani banking sector," MPRA Paper 32130, University Library of Munich, Germany.
    4. Julide Yildirim & Nebile Korucu & Semsettin Karasu, 2010. "Further Education Or Re-Enlistment Decision In Turkish Armed Forces: A Seemingly Unrelated Probit Analysis," Defence and Peace Economics, Taylor & Francis Journals, vol. 21(1), pages 89-103.
    5. Butt, Babar Zaheer & Rehman, Kashif Ur & Safwan, Nadeem, 2007. "A study measuring the effect of pay, promotion and training on job satisfaction in pakistani service industry," MPRA Paper 54431, University Library of Munich, Germany.
    6. Tweena Pandey & Abhshek Singh Chauhan, 2021. "Effect of Job Fulfillment Over Employee Performance Execution at the Workplace: A Study Based on Identifying the Significance of Demographical Characteristics," International Journal of Asian Business and Information Management (IJABIM), IGI Global, vol. 12(2), pages 37-56, April.
    7. Georgios P. Kouretas & Mark E. Wohar, 2012. "The dynamics of inflation: a study of a large number of countries," Applied Economics, Taylor & Francis Journals, vol. 44(16), pages 2001-2026, June.
    8. Khalil-Ur Rahman & Waheed Akhter & Saad Ullah Khan, 2017. "Factors affecting employee job satisfaction: A comparative study of conventional and Islamic insurance," Cogent Business & Management, Taylor & Francis Journals, vol. 4(1), pages 1273082-127, January.
    9. Kamal, Yasir & Hanif, Fawad, 2009. "Pay and Job Satisfaction: A Comparative Analysis of Different Pakistani Commercial Banks," MPRA Paper 16059, University Library of Munich, Germany.
    10. Muhammed Nawaz & Muhammad Irfan Shakoor & Syed Shahzaib Pirzada, 2013. "The Professional Development of Employees in Banks of Pakistan: A comparative study of public and private banks in Punjab Pakistan," International Journal of Learning and Development, Macrothink Institute, vol. 3(5), pages 89-110, October.
    11. Dharna Sharma, 2020. "Psychosocial Consequences Of Being Strangers In A Familiar Land," Working papers 2020-33-03, Voice of Research.
    12. Yelena Kalyuzhnova & Uma Kambhampati, 2007. "Education or employment-choices facing young people in Kazakhstan," Journal of International Development, John Wiley & Sons, Ltd., vol. 19(5), pages 607-626.
    13. Efstathios Dimitriadis & Anna Sarafidou & Despoina Kaltsidou, 2014. "The Impact of Effective Human Resource Management Practices on Job Satisfaction: The Case of National Bank of Greece," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 57-76.

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    More about this item

    Keywords

    job; satisfaction; wages; autonomy; security;
    All these keywords.

    JEL classification:

    • I0 - Health, Education, and Welfare - - General

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