The workers' value of the remaining employment contract duration
AbstractThis paper introduces and applies 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 6 months is willing to pay about 10% of the wage to increase the contract by one month.
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Bibliographic InfoPaper provided by EconWPA in its series Labor and Demography with number 0506006.
Length: 34 pages
Date of creation: 25 Jun 2005
Date of revision:
Note: Type of Document - pdf; pages: 34
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Web page: http://126.96.36.199
On-the-job search; Job attributes; Contract duration; Temporary job;
Find related papers by JEL classification:
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
- J6 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies
- P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-07-03 (All new papers)
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