Non-Wage Job Characteristics and the Case of the Missing Margin
affiliation not provided to SSRN
April 8, 2011
I use the NLSY79 to estimate a job search model that distinguishes the relative importance of hiring wages, on-the-job wage growth potential and non-wage characteristics in workers' job choices. I find that non-wage characteristics are more important than initial hiring wages in determining job choices. To demonstrate the importance of accounting for non-wage characteristics and wage dynamics when evaluating public policies, I apply this model to estimate how workers value the improved non-wage characteristics and on-the-job wage growth potential that result when unemployment insurance enables them to search longer.
Number of Pages in PDF File: 43
Keywords: compensating differential, non-wage characteristics, job search
JEL Classification: J00, J65working papers series
Date posted: April 9, 2011
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