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Willingness to pay for workplace amenities

Author

Listed:
  • Anelli, Massimo
  • Konig, Felix Nikolaus

Abstract

We develop a revealed preference approach to measure the value of workplace amenities by analyzing how variation in non-wage job attributes affects excess mass in the earnings distribution at budget discontinuities. The approach formalizes the idea that workers are less responsive to monetary incentives when amenities constitute a larger share of total compensation. Applying this method to workplace safety during COVID-19 waves, we find that workers are willing to sacrifice 9% of their earnings to reduce weekly fatality risks by one in 100,000. The findings suggest that conventional hedonic regressions substantially under-estimate the value of workplace safety.

Suggested Citation

  • Anelli, Massimo & Konig, Felix Nikolaus, 2025. "Willingness to pay for workplace amenities," LSE Research Online Documents on Economics 141597, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:141597
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    File URL: https://researchonline.lse.ac.uk/id/eprint/141597/
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    Keywords

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    JEL classification:

    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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