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The Workers' Value of the Remaining Employment Contract Duration

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Author Info

  • Jos Van Ommeren

    ()
    (Faculty of Economics, Vrije Universiteit Amsterdam)

  • Mihails Hazans

    ()
    (University of Latvia, Riga, Latvia)

Abstract

We 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 Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 05-069/3.

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Date of creation: 23 Jun 2005
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Handle: RePEc:dgr:uvatin:20050069

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Web page: http://www.tinbergen.nl

Related research

Keywords: On-the-job search; Job attributes; Contract duration; Temporary job;

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Cited by:
  1. Giovanni Russo & Jos Ommeren & Piet Rietveld, 2012. "The university workers’ willingness to pay for commuting," Transportation, Springer, Springer, vol. 39(6), pages 1121-1132, November.
  2. Van Ommeren, Jos & Koopman, Marnix, 2011. "Public housing and the value of apartment quality to households," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 41(3), pages 207-213, May.
  3. van Ommeren, Jos & Fosgerau, Mogens, 2008. "Workers' marginal costs of commuting," MPRA Paper 12010, University Library of Munich, Germany.

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