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Heterogeneous effects of monetary and non-monetary job characteristics on job attractiveness in nursing

Author

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  • Kroczek, Martin
  • Kugler, Philipp

Abstract

We apply a novel methodological approach described by Chernozhukov et al. (2018), to analyze preference heterogeneity regarding non-monetary job characteristics and trade-offs between wage and non-monetary job characteristics. Using this approach, we can describe preference heterogeneity more concise than with subgroup analysis. Analyzing data from a self-conducted factorial survey experiment on nurses, we find significant effect heterogeneity regarding non-monetary job characteristics and their trade-off with wages. We also find positive interaction effects between wage and other job characteristics. We further analyze which factors are associated with effect heterogeneity. Working hours and gender appear to be the main drivers of these effects. We also find differences regarding the sources of a nurse’s motivation to initially choose the nursing occupation. Differentiation of job characteristics (job offers) to fit different preferences can therefore be a more effective and efficient way to attract workers than a “one size fits all” solution.

Suggested Citation

  • Kroczek, Martin & Kugler, Philipp, 2024. "Heterogeneous effects of monetary and non-monetary job characteristics on job attractiveness in nursing," Labour Economics, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:labeco:v:91:y:2024:i:c:s0927537124001283
    DOI: 10.1016/j.labeco.2024.102632
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    More about this item

    Keywords

    Labor supply; Wage; Non-monetary job characteristics; Heterogeneity analysis; Nurses;
    All these keywords.

    JEL classification:

    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets

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