Pay Meaning, Satisfaction and Size of a Meaningful Pay Increase
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Individual variation in the size of a meaningful pay increase is examined from four competing perspectives: (a) based on psychophysical laws relating stimulus change to initial stimulus level, (b) based on equitable treatment, (c) based on the symbolic role of money, and (d) based on individual pay/job dissatisfaction and perceived increases needed to reestablish equilibrium. Results for 77 business school alumni providing self-report data on salary histories, pay meaning, and satisfaction suggest that all but a psychophysical explanation play significant roles in determining the size of a meaningful pay increase.
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2011 ◽
Vol 109
(3)
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pp. 940-948
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2017 ◽
Vol 22
(1)
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pp. 87-102
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2016 ◽
Vol 224
(1)
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pp. 15-24
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2011 ◽
Vol 27
(4)
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pp. 290-298
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2018 ◽
Vol 39
(2)
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pp. 76-87
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2020 ◽
Vol 36
(2)
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pp. 410-420
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