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Estimating the marginal willingness to pay for commuting

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  • Ommeren, Jos van

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

  • Berg, Gerard J. van den
  • Gorter, Cees
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    Abstract

    With informational frictions on the labor market, hedonic wage regressions provide biased estimates of the willingness to pay for job attributes. We show that a recent theoretical result, which states that variation in job durations does provide good estimates in case of a basic on-the-job search model, can be generalized to a wide class of search models. We apply this result by estimating the marginal willingness of employed workers to pay for commuting, using Dutch longitudinal data. The average willingness to pay for one hour commuting is estimated to equal almost half of the hourly wage rate.

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    File URL: http://degree.ubvu.vu.nl/repec/vua/wpaper/pdf/19980046.pdf
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    Bibliographic Info

    Paper provided by VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics in its series Serie Research Memoranda with number 0046.

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    Date of creation: 1998
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    Handle: RePEc:vua:wpaper:1998-46

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    Keywords: job search; commuting distance; job durations; hedonic wages;

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