Estimates of the Effect of Wages on Job Satisfaction

Estimates of the Effect of Wages on Job Satisfaction PDF Author: Reamonn Lydon
Publisher:
ISBN: 9780753015520
Category : Job satisfaction
Languages : en
Pages : 30

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Estimates of the Effect of Wages on Job Satisfaction

Estimates of the Effect of Wages on Job Satisfaction PDF Author: Reamonn Lydon
Publisher:
ISBN: 9780753015520
Category : Job satisfaction
Languages : en
Pages : 30

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Book Description


The Economics of Job Satisfaction

The Economics of Job Satisfaction PDF Author: Daniel S. Hamermesh
Publisher:
ISBN:
Category : Job satisfaction
Languages : en
Pages : 50

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Minimum Wages, Low Pay and Unemployment

Minimum Wages, Low Pay and Unemployment PDF Author: D. Meulders
Publisher: Springer
ISBN: 0230524079
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
Low-paid employment is a key issue for labour market policy. The essays in this book, focusing on European countries, provide new empirical evidence regarding the impact of minimum wages on employment, earnings mobility among low-paid workers, job satisfaction across the earnings distribution, unemployment traps, the demand for low-skilled workers, and the existence of monopsonistic competition.

Advances in Quality of Life Theory and Research

Advances in Quality of Life Theory and Research PDF Author: Ed Diener
Publisher: Springer Science & Business Media
ISBN: 9401142912
Category : Social Science
Languages : en
Pages : 322

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Book Description
The International Society for Quality of Life Studies held its first conference in Charlotte, North Carolina in 1997. Participants at the conference were allowed to submit their papers for the present volume. The submitted manuscripts went through a review and revision process, and the papers in this book represent the best articles from that process. Because the society sponsoring this volume is international in character, it is not sur prising that the 11 contributions are from 4 different countries: Canada (3), India (1), Netherlands (3), and the United States (4). Thus, the volume is cross-national in authorship, although we hope that future works can include more papers from additional nations. Ten of the eleven papers consider quality of life in terms of some aspect of subjective well-being. The book is broken into three sections: the first section presenting material on broad theories of subjective well being, the second section covering how work and income are related to subjective well-being, and the third section containing one chapter on health and one on political representation. I am proud to present these broad-ranging chapters on quality of life.

Why Wages Don't Fall during a Recession

Why Wages Don't Fall during a Recession PDF Author: Truman F. BEWLEY
Publisher: Harvard University Press
ISBN: 0674020901
Category : Business & Economics
Languages : en
Pages : 538

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Book Description
A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. Eschewing "top-down" theorizing, Truman Bewley explored the puzzle by interviewing--during the recession of the early 1990s--over three hundred business executives and labor leaders as well as professional recruiters and advisors to the unemployed. By taking this approach, gaining the confidence of his interlocutors and asking them detailed questions in a nonstructured way, he was able to uncover empirically the circumstances that give rise to wage rigidity. He found that the executives were averse to cutting wages of either current employees or new hires, even during the economic downturn when demand for their products fell sharply. They believed that cutting wages would hurt morale, which they felt was critical in gaining the cooperation of their employees and in convincing them to internalize the managers' objectives for the company. Bewley's findings contradict most theories of wage rigidity and provide fascinating insights into the problems businesses face that prevent labor markets from clearing. Table of Contents: Acknowledgments 1. Introduction 2. Methods 3. Time and Location 4. Morale 5. Company Risk Aversion 6. Internal Pay Structure 7. External Pay Structure 8. The Shirking Theory 9. The Pay of New Hires in the Primary Sector 10. Raises 11. Resistance to Pay Reduction 12. Experiences with Pay Reduction 13. Layoffs 14. Severance Benefits 15. Hiring 16. Voluntary Turnover 17. The Secondary Sector 18. The Unemployed 19. Information, Wage Rigidity, and Labor Negotiations 20. Existing Theories 21. Remarks on Theory 22. Whereto from Here? Notes References Index Reviews of this book: In Why Wages Don't Fall During A Recession, [Truman Bewley] tackles one of the oldest, and most controversial, puzzles in economics: why nominal wages rarely fall (and real wages do not fall enough) when unemployment is high. But he does so in a novel way, through interviews with over 300 businessmen, union leaders, job recruiters and unemployment counsellors in the north-eastern United States during the early 1990s recession...Mr. Bewley concludes that employers resist pay cuts largely because the savings from lower wages are usually outweighed by the cost of denting workers' morale: pay cuts hit workers' standard of living and lower their self-esteem. Falling morale raises staff turnover and reduces productivity...Mr. Bewley's theory has some interesting implications...[and] has a ring of truth to it. --The Economist Reviews of this book: This contribution to the growing literature on behavioral macroeconomics threatens to disturb the tranquil state of macroeconomic theory that has prevailed in recent years...Bewley's argument will be hard for conventional macroeconomists to ignore, partly because of the extraordinary thoroughness and honesty with which he evidently conducted his investigation, and the sheer volume of evidence he provides...Although Bewley's work will not settle the substantive debates related to wage rigidity, it is likely to have a profound influence on the way macroeconomists construct models. In particular, the concepts of morale, fairness, and money illusion are almost certain to play a big role in macroeconomic theory. His demonstration that there exist in reality simple, robust behavioral patters that cannot plausibly be founded on traditional maximizing behabior also raises the prospect of a more empirically oriented, more behavioral macroeconomics in the future. --Peter Howitt, journal of Economic Literature Reviews of this book: I think any scholar interested in labour markets and wage determination should read this well-written, lively, and highly stimulating book...[It] provides a fresh view and a lot of complementary background knowledge about how experienced people in the field see the employment relationship and what is actually crucial. Knowledge of this sort is all too rare in economics, and Truman Bewley's truly impressive study can serve as a role model for future investigations. --Simon G'chter, Journal of Institutional and Theoretical Economics To call this book a breath of fresh air is an understatement. The direct insights are fascinating, and Truman Bewley's use of them is sharp and insightful. Labor economists and macroeconomists have a lot to think about. --Robert M. Solow, Nobel Laureate, Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology Truman Bewley set out to conduct a handful of interviews with business executives to gain some theoretical inspiration, and his project blossomed into over 300 interviews with business people, labor leaders and consultants. He is truly the accidental interviewer of economics. Time and again, he found that workers behave like people, not atomistic, selfish economic agents. His insights will engage and enrage economic theorists and empiricists for years to come. --Alan Krueger, Bendheim Professor of Economics and Public Affairs, Princeton University

Do Minimum Wages Increase Job Satisfaction? Micro-Data Evidence from the New German Minimum Wage

Do Minimum Wages Increase Job Satisfaction? Micro-Data Evidence from the New German Minimum Wage PDF Author: Mario Bossler
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
On January 1, 2015, a new statutory minimum wage of € 8.50 per hour of work was introduced in Germany. Using a difference-in-differences approach, we estimate effects on worker-level outcomes of continuing employees. The results reveal a meaningful absolute increase in the affected workers' pay satisfaction. The increase in job satisfaction is modest and predominantly driven by changes in pay satisfaction implying only a small effect on all other dimensions of job satisfaction. Moreover, effects from the minimum wage on work engagement and turnover intention are virtually zero.

The Impact of Wage Increases on Job Satisfaction

The Impact of Wage Increases on Job Satisfaction PDF Author: Christian Grund
Publisher:
ISBN:
Category :
Languages : en
Pages : 24

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ESTIMATES OF THE EFFECT OF WAGES ON JOB SATISFATION

ESTIMATES OF THE EFFECT OF WAGES ON JOB SATISFATION PDF Author: Reamonn LYDON
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Job Satisfaction, Earnings and Unions

Job Satisfaction, Earnings and Unions PDF Author: Susan Marie Donohue
Publisher:
ISBN:
Category : Job satisfaction
Languages : en
Pages : 136

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OECD Employment Outlook 2011

OECD Employment Outlook 2011 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264115838
Category :
Languages : en
Pages : 277

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Book Description
This 2011 edition of the OECD Employment Outlook highlights policy issues related to: the recent economic crisis and the adequacy of income support for the unemployed; social protection and labour markets in emerging economies; earnings volatility; and qualifications mismatch.