Job satisfaction and compensating wage differentials: Evidence from Russia. (23rd September 2017)

• Record Type: Journal Article
• Authors: Bartolucci, Francesco; Bruno, Giovanni S F; Demidova, Olga; Signorelli, Marcello
• Is Part Of: CESifo economic studies. Volume 63:Number 3(2017:Sep.)
• Page Start: 333
• Page End: 351
• Publication Date: 2017-09-23
• Subjects: job satisfaction -- Russia; Economics -- Periodicals; 330.5
• DOI: 10.1093/cesifo/ifx011
• Languages: English
• ISSNs: 1610-241X

Abstract

Abstract: This article is focused on the analysis of the determinants of job satisfaction of Russian workers through the estimation of ordered logit models with individual fixed effects on a panel data set extracted from the Russian Longitudinal Monitoring Survey. The real wage results positively associated with job satisfaction on all samples considered, after controlling for several time-varying controls aimed at picking up time-varying human capital, preferences, and non-instantaneous equilibrium adjustments. As long as the included controls capture all the heterogeneous trends in individual wages, we may interpret this result as a possible failure of the theory of compensating wage differentials in the Russian labour market. (JEL codes: J28, J81)