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How Amenities Affect Job and Wage Choices Over the Life Cycle

Author

Listed:
  • 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)

Suggested Citation

  • Ed Nosal & Peter Rupert, 2007. "How Amenities Affect Job and Wage Choices Over the Life Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(3), pages 424-443, July.
    • Handle: RePEc:red:issued:05-64
    DOI: 10.1016/j.red.2006.12.004
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    References listed on IDEAS

    as
    1. 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 815-847, October.
    2. Altonji, Joseph G & Paxson, Christina H, 1988. "Labor Supply Preferences, Hours Constraints, and Hours-Wage Trade-Offs," Journal of Labor Economics, University of Chicago Press, vol. 6(2), pages 254-276, April.
    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, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Christine Braun & Charlie Nusbaum & Peter Rupert, 2017. "Dual Job Search and Migration," 2017 Meeting Papers 789, Society for Economic Dynamics.
    2. Krusell, Per & Mukoyama, Toshihiko & Rogerson, Richard & Sahin, Aysegül, 2008. "Aggregate implications of indivisible labor, incomplete markets, and labor market frictions," Journal of Monetary Economics, Elsevier, vol. 55(5), pages 961-979, July.
    3. Kristina Nyström & Gulzat Zhetibaeva Elvung, 2015. "New Firms as Employers: The Wage Penalty for Voluntary and Involuntary Job Switchers," LABOUR, CEIS, vol. 29(4), pages 348-366, December.
    4. Lars Ljungqvist & Thomas J. Sargent, 2007. "Do Taxes Explain European Employment? Indivisible Labor, Human Capital, Lotteries, and Savings," NBER Chapters, in: NBER Macroeconomics Annual 2006, Volume 21, pages 181-246, National Bureau of Economic Research, Inc.
    5. Pawel Adrjan, 2018. "Risky Business? Earnings Prospects of Employees at Young Firms," Economics Series Working Papers 852, University of Oxford, Department of Economics.
    6. Christian Pfeifer & Stefan Schneck, 2012. "Relative Wage Positions and Quit Behavior: Evidence from Linked Employer-Employee Data," ILR Review, Cornell University, ILR School, vol. 65(1), pages 126-147, January.
    7. Ismail Baydur & Toshihiko Mukoyama, 2020. "Job Duration and Match Characteristics over the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 33-53, July.
    8. Lars Ljungqvist & Thomas J. Sargent, 2006. "Indivisible Labor and Its Supply Elasticity: Do Taxes Explain European Employment?," 2006 Meeting Papers 734, Society for Economic Dynamics.

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    More about this item

    Keywords

    Job changes; Amenities; Lifetime wage profile;
    All these keywords.

    JEL classification:

    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers

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