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-workers. Their wages not only induce jealousy, but also provide a signal about the worker's own future earnings. Our positive … estimated coefficient on others' wages shows that this positive future earnings signal outweighs any negative status effect …
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This paper analyses the role of banks in financing SMEs in Britain and Germany. It applies a sociological institutionalist approach to understand how banks construct and manage risk, relating to SME business. The empirical analysis is based on the results of a comparative survey of a sample of...
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We combine status quo and social comparison considerations and investigate whether relative wage increases in the sense of differences between individual wage increases and wage increases of comparable employees are related to managers' job satisfaction. Using a panel data set of managers in the...
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