Barth, Erling; Bryson, Alex; Dale-Olsen, Harald - Centre for Economic Performance, LSE - 2010
higher wages are associated with higher job satisfaction and higher job anxiety. However, we observe a positive association … between higher wages and non-pecuniary job satisfaction, which disappears with the inclusion of our effort measures. Thus high … effort levels provide high levels of non-pecuniary job satisfaction and higher wages, in contrast to what compensating wage …