Role of psychological variables in the determination of the worker's wage: Further evidence from the United States

Abstract

The current study examines the roles of three psychological variables, job satisfaction, positive attitude and self‐satisfaction, in the determination of the worker's wage. Using two samples from the National Longitudinal Survey of Youths, 1979 (NLSY79), the study for the first time models a possible simultaneous relationship among these four variables and estimates these equations by an appropriate two‐stage procedure. Our results indicate that the worker's wage is positively related to these psychological variables. This finding has important policy implications and thus it calls for future research in this direction.

Private Label and Macroeconomic Indicators: Europe and USA

“…Moreover, it also reflects the state of job and mental satisfaction of workers (Diaz-Serrano and Vieira 2005), since employees with lower salaries, within the European Union (EU), declare a significantly lower level of satisfaction than workers with higher salaries; however, with the exception of the United Kingdom, where the relationship is reversed. In the literature, we can see how this same relationship is fulfilled in the same way as for the US (Zgarrick et al 2020;Mohanty 2019).…”