![]() ![]() We find that job satisfaction in the ”public” sector is negatively correlated with the state of the economy. Economic cycles are introduced in order to test for their effect on job satisfaction and productivity in each sector. We test this counterintuitive hypothesis in a real-effort laboratory experiment that simulates an economy with two sectors differing only in their remuneration scheme. As a result, job satisfaction may be countercyclical in the public sector. However, when remuneration in the public sector is less sensitive to economic cycles than in the private sector, as is typically the case, economic growth will worsen the position of workers in the public sector relative to workers in the private sector, even though their income improves in absolute terms. Economic growth improves the material well-being of all workers. ![]()
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