Relative wage as a determinant of pay satisfaction in Russia

Anastasia Dubnovitskaya () and Kirill Furmanov
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Anastasia Dubnovitskaya: Higher School of Economics, Moscow, Russian Federation

Applied Econometrics, 2022, vol. 66, 99-117

Abstract: We use the RLMS-HSE data of Russian workers to investigate the relationship between pay satisfaction and both absolute and relative wages (relative wage is a ratio of the actual wage to the expected wage of an individual with a given vector of attribute). We found that the contribution of relative wages to pay satisfaction differs greatly for the relatively poor and rich workers (whose wages are lower and higher than the expected level respectively) with a greater effect of relative wages on pay satisfaction for relatively rich people rather than relatively poor ones.

Keywords: satisfaction; relative wages; social comparison (search for similar items in EconPapers)
JEL-codes: I31 J31 (search for similar items in EconPapers)
Date: 2022
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