TY  - RPRT
        AU  - Grund, Christian
AU  - Sliwka, Dirk
        TI  - The Impact of Wage Increases on Job Satisfaction - Empirical Evidence and Theoretical Implications
        PY  - 2001/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 387
        UR  - https://www.iza.org/index.php/publications/dp387
        AB  - The impact of wage increases on job satisfaction is 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 analysed. It is shown that the myopic maximisation of such a function directly implies increasing and concave shaped age-earnings profiles.
        KW  - age-earnings profiles
KW  - Job satisfaction
KW  - wage increases
KW  - habit formation
        ER  -