Do minimum wages increase job satisfaction? Micro data evidence from the new German minimum wage

"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�...

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Bibliographic Details
Main Authors: Bossler, Mario, Broszeit, Sandra
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Nürnberg 2016
IAB
Subjects:
Online Access:https://www.labourline.org/KENTIKA-19103630124919218129-Do-minimum-wages-increase-job-.htm
Description
Summary:"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."
Physical Description:20 p.
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