Reference wages and turnover intentions: evidence from linked employer-employee data
Research output: Journal contributions › Journal articles › Research › peer-review
Standard
In: Applied Economics Letters, Vol. 30, No. 14, 2023, p. 1955-1959.
Research output: Journal contributions › Journal articles › Research › peer-review
Harvard
APA
Vancouver
Bibtex
}
RIS
TY - JOUR
T1 - Reference wages and turnover intentions
T2 - evidence from linked employer-employee data
AU - Mohrenweiser, Jens
AU - Pfeifer, Christian
N1 - Funding Information: This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors. We thank participants of the 2020 Annual Meeting of the American Economic Association in San Diego, the Workshop in “Assessing the Impact of Human Resource Management Practices” 2017 in Nurnberg, the Workshop in Management Research 2017 in Wuppertal, department seminar at LUISS university Rome, as well as Andrew Clark, Stefan Schneck, Susanne Steffes, Gesine Stephan, and Knut Gerlach for their comments. Publisher Copyright: © 2022 Informa UK Limited, trading as Taylor & Francis Group.
PY - 2023
Y1 - 2023
N2 - This research note analyzes the nexus between workers’ turnover intentions and workers’ own wages, internal and external reference wages. Worker and establishment surveys are linked with administrative social security data for all workers in surveyed establishments. Approximately half a million worker-year observations are used to predict conditional internal and external reference wages. Results show that higher external and internal reference wages are correlated with higher turnover intentions. Thus, external reference wages seem to serve as outside options and higher reference wages of co-workers seem rather to reduce own social status than to signal better future prospects at the current employer.
AB - This research note analyzes the nexus between workers’ turnover intentions and workers’ own wages, internal and external reference wages. Worker and establishment surveys are linked with administrative social security data for all workers in surveyed establishments. Approximately half a million worker-year observations are used to predict conditional internal and external reference wages. Results show that higher external and internal reference wages are correlated with higher turnover intentions. Thus, external reference wages seem to serve as outside options and higher reference wages of co-workers seem rather to reduce own social status than to signal better future prospects at the current employer.
KW - Income comparison
KW - linked employer-employee data
KW - signal
KW - status
KW - turnover
KW - Economics
UR - http://www.scopus.com/inward/record.url?scp=85131693965&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/256435a0-f7e9-3040-b07c-0a3dd0b67adf/
U2 - 10.1080/13504851.2022.2086680
DO - 10.1080/13504851.2022.2086680
M3 - Journal articles
AN - SCOPUS:85131693965
VL - 30
SP - 1955
EP - 1959
JO - Applied Economics Letters
JF - Applied Economics Letters
SN - 1350-4851
IS - 14
ER -