Luke Haywood, Jean-Marc Robin
In perfectly competitive labour markets, there is a market for non-material. - job amenities in which workers' willingness to pay for these goods implies. - that workers accept compensating wage differentials, such that jobs with better. - working conditions should have lower wages. In labour market characterised. - by frictions, workers' wages typically depend also on firm productivity.. - However many job characteristics with consumptive value also influence. - productivity, such that compensating differentials may not be apparent.. - Job characteristics that may influence productivity are considered here in a. - labour market with search frictions and different levels of worker ability. In. - this framework, compensating differentials may not be evident despite the. - fact that workers are willing to substitute better working conditions for lower. - pay. Two methods of empirical estimation are proposed based on subjective. - evaluation of working conditions, productivity, wage and labour market transition. - data. Results for an approach imputing productivity are presented,. - estimation of the model including productivity data is work in progress.
Themen: Arbeit und Beschäftigung
JEL-Classification: J28;J31;J64;J81;M52
Keywords: Job Search, Productivity, Working Conditions, Compensating Differentials
DIW-Link
Array