Pay reference standards and pay satisfaction: what do workers evaluate their pay against? ☆

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Job Satisfaction and Co-worker Wages: Status or Signal? (2009, unknown): “Some labour-market examples are Capelli and Sherer (1988), Pfeffer and Langton (1993), Clark and Oswald (1996), Law and Wong (1998), Bygren (2004), Ferrer-iCarbonell (2005), and Brown et al. (2007), using survey data, and Shafir et al. (1997) in experimental work.2 This work has generally concluded…”
Does Wage Rank Affect Employees' Wellbeing? (2008, unknown): “For example, one might include in one’s comparison set those people of similar age and wage to oneself, those people in similar occupations, and those who are geographically close (Bygren 2004; Festinger 1954; Law and Wong 1998).”
Who Compares to Whom? The Anatomy of Income Comparisons in Europe (2010, background): “…al., 2009b), the vast majority of empirical papers have simply imposed a certain reference group as relevant for income comparison purposes (e.g. Cappelli and Sherer, 1988, Clark and Oswald, 1996, MacBride, 2001, Bygren, 2004, Ferrer-i-Carbonell, 2005, Luttmer, 2005, and Helliwell and Huang, 2009).”