EconPapers    
Economics at your fingertips  
 

Job Satisfaction and Co-worker Wages: Status or Signal?

Andrew Clark (), Nicolai Kristensen () and Niels Westergård-Nielsen ()

Economic Journal, 2009, vol. 119, issue 536, 430-447

Abstract: We use 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 counter to substantial existing evidence of income comparisons in subjective well-being. We argue that the difference hinges on the nature of the reference group. Here we use co-workers. Their earnings not only induce jealousy but also provide a signal about the worker's own future earnings. In our data, this positive future earnings signal outweighs any negative status effect. This phenomenon is stronger for men and in the private sector but weaker for those nearer retirement. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009.

Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (159) Track citations by RSS feed

Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0297.2008.02236.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Job satisfaction and co-worker wages: status or signal? (2009)
Working Paper: Job satisfaction and co-worker wages: Status or signal? (2007) Downloads
Working Paper: Job satisfaction and co-worker wages: Status or signal? (2007) Downloads
Working Paper: Job Satisfaction and Co-worker Wages: Status or Signal? (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecj:econjl:v:119:y:2009:i:536:p:430-447

Ordering information: This journal article can be ordered from
http://www.blackwell ... al.asp?ref=0013-0133

Access Statistics for this article

Economic Journal is currently edited by Martin Cripps, Steve Machin, Woulter den Haan, Andrea Galeotti, Rachel Griffith and Frederic Vermeulen

More articles in Economic Journal from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing ().

 
Page updated 2020-04-06
Handle: RePEc:ecj:econjl:v:119:y:2009:i:536:p:430-447