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首页> 外文期刊>Journal of socio-economics >Effects of job satisfaction on the worker's wage and weekly hours: A simultaneous equations approach
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Effects of job satisfaction on the worker's wage and weekly hours: A simultaneous equations approach

机译：工作满意度对工人工资和每周工作时间的影响：联立方程法

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摘要

The current study examines the effects of job satisfaction on the worker's weekly wage and hours. Under the assumption that these three variables may be simultaneously related, the study estimates wage, weekly hours and job satisfaction equations in a simultaneous equations framework by a two-stage procedure. Using three separate samples from the NLSY79, the study demonstrates that, regardless of the age of the worker, weekly wage is positively related to job satisfaction. The relation between weekly hours and job satisfaction, however, is not uniform among workers of all age-groups. Hours are related to job satisfaction positively when workers are younger or when they are mature adults and negatively when they are middle-age adults. Interestingly, weekly wage and weekly hours are found to be statistically insignificant in most job satisfaction equations, whereas job satisfaction emerges as a significant covariate in both wage and hours equations. This recursive relationship among these three variables indicates that job satisfaction may in fact influence wage and weekly hours in a causal sense. Since computationally tractable formulas for the corrected asymptotic variance-covariance matrices of the proposed two-stage estimators are not available in the literature, the study derives them for the benefit of econometrics practitioners.
机译：当前的研究检验了工作满意度对工人每周工资和工时的影响。在这三个变量可能同时相关的假设下，本研究通过两阶段程序在联立方程框架中估算工资，每周工作时间和工作满意度方程。使用来自NLSY79的三个独立样本，该研究表明，不管工人的年龄如何，每周工资与工作满意度呈正相关。但是，各年龄段工人的每周工作时间与工作满意度之间的关系并不统一。工时与年轻时或成年工人成正比，而与中年成年成正比。有趣的是，在大多数工作满意度方程中，每周工资和每周工时在统计上都不重要，而在工资和工时方程中，工作满意度是一个重要的协变量。这三个变量之间的这种递归关系表明，工作满意度实际上可能在因果关系上影响工资和每周工作时间。由于文献中没有针对拟议的两阶段估计量的校正渐近方差-协方差矩阵的易计算公式，因此，本研究得出的这些公式对计量经济学从业人员有利。

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