Publication type
Research Paper
Series Number
14244
Series
MPRA Papers
Authors
Publication date
March 1, 2009
Abstract:
The increasing use of incentive pay schemes in recent years has raised concerns about their potential detrimental effect on intrinsic job satisfaction (JS), job security and employee morale. This study explores the impact of pay incentives on the overall job satisfaction of workers in the UK and their satisfaction with various facets of jobs. Using data from eight waves (1998-2005) of the British Household Panel Survey (BHPS) and a uniquely-designed well-being dataset (EPICURUS), a significant positive impact on job satisfaction is only found for those receiving fixed-period bonuses. These conclusions are robust to unobserved heterogeneity, and are shown to depend on a number of job-quality characteristics that have not been controlled for in previous studies.
Subjects
Link
- http://ideas.repec.org/p/pra/mprapa/14244.html
Notes
Previously MPRA paper no. 1629 (2007 Jan.). JCI 30/9/9
RePEc search
working paper
#509148