Job Satisfaction and Co‐worker Wages
Status or Signal
Bibliographic Data
| ID | 9719141 |
|---|---|
| Authors | Andrew E Clark (0000-0001-7004-7654, Paris School of Economics, IZA and Aarhus University), Nicolai Kristensen (0000-0003-0408-4398, Aarhus University), Niels Westergård‐nielsen (Aarhus University and IZA), Niels Westergaard‐Nielsen (Copenhagen Business School) |
| Year | 2009 |
| Volume | 119 |
| Issue | 536 |
| Pages | 430-447 |
| Publication date | 2009-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2008.02236.x |
| Language | EN |
| Citations received | 47 |
| References cited | 45 |
This paper uses matched employer-employee panel data to show that individual job satisfaction is higher when other workers in the same establishment are better-paid. This runs contrary to a large literature which has found evidence of income comparisons in subjective well-being. We argue that the difference hinges on the nature of the reference group. We here use co-workers. Their wages not only induce jealousy, but also provide a signal about the worker's own future earnings. Our positive estimated coefficient on others' wages shows that this positive future earnings signal outweighs any negative status effect. This phenomenon is stronger for men, and in the private sector
Demographic economics · Earnings · Econometrics · Economics · Jealousy · Job satisfaction · Labour economics · Management · Panel data · Decision-Making and Behavioral Economics · Employment and Welfare Studies · Finance · Psychological Well-being and Life Satisfaction · Psychology · Social Psychology
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| Unique citing works | 47 |
|---|---|
| Citations per year | 2,76 |
| Citation span | 2009 - 2026 (18) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 47 |