TY  - RPRT
        AU  - Wunder, Christoph
AU  - Schwarze, Johannes
        TI  - Income Inequality and Job Satisfaction of Full-Time Employees in Germany
        PY  - 2006/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2084
        UR  - https://www.iza.org/publications/dp2084
        AB  - Using data from the German Socio-Economic Panel Study (GSOEP), it is shown that income comparison 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.
        KW  - social comparison
KW  - German Socio-Economic Panel Study (GSOEP)
KW  - prestige
KW  - envy
KW  - job satisfaction
KW  - income inequality
KW  - information effect (tunnel effect)
        ER  -