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Pay growth, fairness and job satisfaction : implications for nominal and real wage rigidity
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Smith, Jennifer C. (2015) Pay growth, fairness and job satisfaction : implications for nominal and real wage rigidity. Scandinavian Journal of Economics, 117 (3). pp. 852-877. doi:10.1111/sjoe.12091 ISSN 0347-0520.
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Official URL: https://doi.org/10.1111/sjoe.12091
Abstract
Theories of wage rigidity often rely on a positive relationship between pay changes and utility, arising from concern for fairness or gift exchange. Supportive evidence has emerged from laboratory experiments, but the link has not yet been established with field data. This paper contributes a fist step, using representative British data. Workers care about the level and the growth of earnings. Below-median wage increases lead to an insult e¤ect except when similar workers have real wage reductions or fim production is falling. Nominal pay cuts appear insulting even when the firm is doing badly
| Item Type: | Journal Article | ||||||
|---|---|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Economics | ||||||
| Journal or Publication Title: | Scandinavian Journal of Economics | ||||||
| Publisher: | Blackwell | ||||||
| ISSN: | 0347-0520 | ||||||
| Official Date: | July 2015 | ||||||
| Dates: |
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| Volume: | 117 | ||||||
| Number: | 3 | ||||||
| Page Range: | pp. 852-877 | ||||||
| DOI: | 10.1111/sjoe.12091 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Access rights to Published version: | Restricted or Subscription Access |
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