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How Amenities Affect Job and Wage Choices Over the Life Cycle

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Author Info

  • Ed Nosal

    (Federal Reserve Bank of Cleveland)

  • Peter Rupert

    (Federal Reserve Bank of Cleveland)

Abstract

Job amenities are explicitly included in a model of job choice over the life cycle. The amenities are characterized by an indivisibility--a worker must be present at a job to enjoy its amenities. This chacterization has implications on initial job choice, a worker's wage profile and whether they move to a higher or lower paying job. (Copyright: Elsevier)

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File URL: http://dx.doi.org/10.1016/j.red.2006.12.004
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Bibliographic Info

Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.

Volume (Year): 10 (2007)
Issue (Month): 3 (July)
Pages: 424-443

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Handle: RePEc:red:issued:05-64

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Related research

Keywords: Job changes; Amenities; Lifetime wage profile;

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References

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  1. Joseph G. Altonji & Christina H. Paxson, 1987. "Labor Supply Preferences, Hours Constraints, and Hours-Wage Tradeoffs," NBER Working Papers 2121, National Bureau of Economic Research, Inc.
  2. Hwang, Hae-shin & Mortensen, Dale T & Reed, W Robert, 1998. "Hedonic Wages and Labor Market Search," Journal of Labor Economics, University of Chicago Press, vol. 16(4), pages 815-47, October.
  3. Matthew S. Dey & Christopher J. Flinn, 2005. "An Equilibrium Model of Health Insurance Provision and Wage Determination," Econometrica, Econometric Society, vol. 73(2), pages 571-627, 03.
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Cited by:
  1. Krusell, Per & Mukoyama, Toshihiko & Rogerson, Richard & Sahin, Ayseg├╝l, 2008. "Aggregate implications of indivisible labor, incomplete markets, and labor market frictions," Journal of Monetary Economics, Elsevier, vol. 55(5), pages 961-979, July.

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