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Choosing the Joneses: Endogenous Goals and Reference Standards
Falk, Armin; Knell, Markus - Institute for the Study of Labor (IZA) - 2004
A growing economic literature stresses the importance of relative comparisons, e.g., for savings and consumption or happiness. In this literature it is usually assumed that reference standards against which people compare themselves are exogenously given. In contrast findings from social...
Persistent link: https://www.econbiz.de/10005822641
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Misery Loves Company: Exogenous Shocks in Retirement Expectations and Social Comparison Effects on Subjective Well-Being
Montizaan, Raymond; Vendrik, Maarten C.M. - Institute for the Study of Labor (IZA) - 2012
This study investigates the effects of social comparisons accompanying a substantial reform of the Dutch pension system on the job satisfaction of workers who are close to retirement. The reform implies that public sector workers born on January 1, 1950, or later face a substantial reduction in...
Persistent link: https://www.econbiz.de/10010764602
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Income Inequality and Job Satisfaction of Full-Time Employees in Germany
Wunder, Christoph; Schwarze, Johannes - Institute for the Study of Labor (IZA) - 2006
Using data from the German Socio-Economic Panel Study (GSOEP), it is shown that income comparison with persons who are better off has a clear impact on the job satisfaction of West German full-time employees. Two contrary effects can be identified. On the one hand, there is an aversion to...
Persistent link: https://www.econbiz.de/10005566760
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Social Comparison in the Workplace: Evidence from a Field Experiment
Cohn, Alain; Fehr, Ernst; Herrmann, Benedikt; … - Institute for the Study of Labor (IZA) - 2011
We conducted a randomized field experiment to examine how workers respond to wage cuts, and whether their response …
Persistent link: https://www.econbiz.de/10008854765
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Extra Status and Extra Stress: Are Promotions Good for Us?
Johnston, David W.; Lee, Wang-Sheng - Institute for the Study of Labor (IZA) - 2012
outweighs the additional status, at least for the average worker. …
Persistent link: https://www.econbiz.de/10010884199
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Old Money, the Nouveaux Riches and Brunhilde's Marriage Strategy
Bronsert, Anne-Kathrin; Glazer, Amihai; Konrad, Kai A. - Institute for the Study of Labor (IZA) - 2014
, leading to status consumption and wasteful gift giving. The screening activity is costly not only for the potential husband … money') benefits the candidate but also the woman, and reduces wasteful status consumption spending. Also, aging and …
Persistent link: https://www.econbiz.de/10010884244
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Status, Happiness, and Relative Income
Beath, John; FitzRoy, Felix - Institute for the Study of Labor (IZA) - 2007
Models of status based on Frank’s (1985) count of the number of people with lower conspicuous consumption are …
Persistent link: https://www.econbiz.de/10005233810
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The Firm as the Locus of Social Comparisons: Internal Labor Markets versus Up-or-Out
Auriol, Emmanuelle; Friebel, Guido; Lammers, Frauke - Institute for the Study of Labor (IZA) - 2012
We suggest a parsimonious dynamic agency model in which workers have status concerns. A firm is a promotion hierarchy … in which a worker's status depends on past performance. We investigate the optimality of two types of promotion …
Persistent link: https://www.econbiz.de/10009649815
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Getting More Work for Nothing? Symbolic Awards and Worker Performance
Kosfeld, Michael; Neckermann, Susanne - Institute for the Study of Labor (IZA) - 2010
We study the impact of status and social recognition on worker performance in a field experiment. In collaboration with … an international non-governmental organization we hired students to work on a database project. Students in the award … evidence for the motivating power of status and social recognition in labor relations with major implications for theory and …
Persistent link: https://www.econbiz.de/10008466018
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Individual Well-Being in a Dynamic Perspective
Conchita D’Ambrosio; Frick, Joachim R. - Institute for the Study of Labor (IZA) - 2007
This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with income. Making full use of the panel data nature of the German Socio-Economic Panel, we provide empirical evidence for well-being depending on absolute and on relative levels of...
Persistent link: https://www.econbiz.de/10005761962