Papers by Diego Armando Vasquez
Journal of Happiness Studies, 2014
Using Chilean data we present evidence about the relationship between job satisfaction, own wage,... more Using Chilean data we present evidence about the relationship between job satisfaction, own wage, and reference group wage. We conducted a semi-nonparametric estimation of extended ordered probit models in order to identify the determinants of job satisfaction. Our main result indicates that a 10 % increase in the reference group wage would need to be compensated for by a 24.9 % increase in the own wage to give the same level of job satisfaction. This result shows the enormous importance of the reference group wage for job satisfaction.
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Papers by Diego Armando Vasquez