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Inhaltsbereich: Institut für Arbeitsmarkt- und Berufsforschung

Do minimum wages increase job satisfaction?

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Abstract

"On 1 January 2015 a new statutory minimum wage of EURO 8.50 per hour of work was introduced in Germany. Using a difference-in-differences approach, we estimate effects on worker-level outcomes of continuing employees. The results reveal a meaningful absolute increase in the affected workers' pay satisfaction. The increase in job satisfaction is modest and predominantly driven by changes in pay satisfaction implying only a small effect on all other dimensions of job satisfaction. Moreover, effects from the minimum wage on work engagement and turnover intention are virtually zero." (Author's abstract, IAB-Doku) ((en))

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Bossler, Mario; Broszeit, Sandra (2016): Do minimum wages increase job satisfaction? * micro data evidence from the new German minimum wage. (IAB-Discussion Paper, 15/2016), N├╝rnberg, 20 p.
 

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