The Workers' Value of the Remaining Employment Contract Duration
AbstractWe introduce and apply a method for estimating workers' marginal willingness to pay for job attributes employing data on job search activity. Worker's willingness to pay for the remaining duration of the employment contract is derived. We provide evidence that workers attach substantial value to the remaining contract duration. A temporary worker with a remaining contract of six months is willing to pay about 10% of the monthly wage to increase the contract by one month. This discussion paper has resulted in a publication in Economica , 2008, 75(297), 116-39.
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Bibliographic InfoPaper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 05-069/3.
Date of creation: 23 Jun 2005
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Web page: http://www.tinbergen.nl
On-the-job search; Job attributes; Contract duration; Temporary job;
Other versions of this item:
- Jos Van Ommeren & Mihails Hazans, 2005. "The workers' value of the remaining employment contract duration," Labor and Demography 0506006, EconWPA.
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
- J6 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies
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- Jos Van Ommeren & Marnix Koopman, 2010.
"Public Housing and the Value of Apartment Quality to Households,"
Tinbergen Institute Discussion Papers
10-085/3, Tinbergen Institute.
- Van Ommeren, Jos & Koopman, Marnix, 2011. "Public housing and the value of apartment quality to households," Regional Science and Urban Economics, Elsevier, vol. 41(3), pages 207-213, May.
- van Ommeren, Jos & Fosgerau, Mogens, 2008.
"Workers' marginal costs of commuting,"
12010, University Library of Munich, Germany.
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