TY  - RPRT
        AU  - Grund, Christian
AU  - Rubin, Maike
        TI  - Social Comparisons of Wage Increases and Job Satisfaction
        PY  - 2016/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 10038
        UR  - https://www.iza.org/publications/dp10038
        AB  - We combine status quo and social comparison considerations and investigate whether relative wage increases in the sense of differences between individual wage increases and wage increases of comparable employees are related to managers' job satisfaction. Using a panel data set of managers in the German chemical industry, we indeed find first evidence. The relation between relative wage increases and job satisfaction is relevant for managers with lower absolute wage levels in particular.
        KW  - status quo preferences
KW  - social comparisons
KW  - reference points
KW  - job satisfaction
KW  - wage increases
        ER  -