We use a large linked employer-employee data set to analyze the importance of relativewage positions in the context of individual quit decisions as an inverse measure of jobsatisfaction. Our main findings are: (1) Workers with higher relative wage positionswithin their firms are on average more...

’Nothing in business excites so much interest in the wider world as the pay of top executives.’ theEconomist wrote in a 2003 article titled ’Fat cats feeding - Executive pay’. Indeed, it seems thatthe dwindling heights to which CEO compensation has risen trigger stronger feelings than...