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dc.contributor.authorTheodossiou, Ioannis
dc.contributor.authorPanos, Georgios A.
dc.date.accessioned2007-01-23T14:11:58Z
dc.date.available2007-01-23T14:11:58Z
dc.date.issued2007
dc.identifier.issn0143-4543
dc.identifier.urihttp://hdl.handle.net/2164/104
dc.description.abstractTheories of interdependent preferences predicts that the effect of peer earnings on individual well-being is either negative, the “relative deprivation”, or positive the “cognitive effect”. The evidence so far has attributed the dominance of each of the above effects on the country’s economic and political environment. This study claims that relative earnings can affect job satisfaction in two opposite ways, through the affective, “relative deprivation”, and the cognitive channel. The dominance of each effect depends on the individual-specific financial situation rather than the country’s environment. Utilising a longitudinal dataset for British employees, the results of this study show that the cognitive informational effect of “peer earnings” dominates social comparisons for those in financial distress. It further suggests job satisfaction is a relative concept.en
dc.format.extent384822 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesBusiness School Working Paper Seriesen
dc.relation.ispartofseries2007-01en
dc.subjectEarningsen
dc.subjectJob Satisfactionen
dc.subjectFinancial Vulnerabilityen
dc.subjectReference Groupen
dc.titleEarnings Aspirations and Job Satisfaction: The Affective and Cognitive Impact of Earnings Comparisonsen
dc.typeWorking Paperen


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