Joe,
It's going to be hard for me to give an "apples to apples" comparison on the QOL. I went from living in base, bidding in the top 15%, to commuting 1400 miles for reserve in the bottom 20%.
Reserve at AA isn't the best, but it's still way better than the Eagle system. No airport standby, the possibility for long call (but it's at scheduling's whim). We do not have a defined call out for short call, just reasonably available by surface transportation.
As for pay, I'm a slacker. I never worked any vacation, have not done any OT since I was a starving FO, and used to drop whatever I could. Due to the arbitration award, I started on fourth year pay. I estimate that I will make $20k less my first full year at AA, than I did my last year at AE. The guys that max out the OT, and work all their vacation, are going to take a much bigger hit. All of us were on the top of the pay scale at AE, with only our 1-2% IAI raises to look forward to. Here the pay will continue to go up for years.
On a dollar per hour basis, assuming I stay on the MD80, pay year 8 will be more than what I made at AE.
The actual impact to the check book is slightly less. The health insurance at AA is 50% less than I was paying at AE. We still have the A and B funds, so I can reduce my 401k contributions for a couple of years, without it having a major impact on retirement. On the other side however, crash pad and airport car expenses are now added. And it is not cheap out here.
Bottom line..Minus the commuting, life is better here. I do wonder if we will be in business over the coming years, but that's a concern anywhere these days. I was prepared to make the move, very little debt, didn't live above my means. And I'm still in my mid 40's, so I figure the short term loss is offset by the potential long term gain.
Your mileage may vary, not to be taken internally, do not insert body parts into moving fan blades....