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Author: Gronberg, Timothy J.
Resulting in 1 citation.
1. Gronberg, Timothy J.
Reed, W. Robert
Estimating Workers' Marginal Willingness to Pay for Job Attributes Using Duration Data
Journal of Human Resources 29,3 (Summer 1994): 911-931.
Also: http://www.jstor.org/stable/146258
Cohort(s): NLSY79
Publisher: University of Wisconsin Press
Keyword(s): Current Population Survey (CPS) / CPS-Fertility Supplement; Job Knowledge; Job Search; Job Tenure; Job Turnover; Labor Market Outcomes; Occupational Choice; Occupational Investment; Wage Models

This paper develops and applies a method for estimating workers' marginal willingness to pay for job attributes when workers' job choices are characterized by imperfect information and labor market search. As an application, this paper analyzes the job durations of white males using data from the National Longitudinal Survey of Youth Cohort and the Dictionary of Occupational Titles. Estimates of workers' willingness to pay derived from the job duration model are compared with those derived from an hedonic wage model.
Bibliography Citation
Gronberg, Timothy J. and W. Robert Reed. "Estimating Workers' Marginal Willingness to Pay for Job Attributes Using Duration Data." Journal of Human Resources 29,3 (Summer 1994): 911-931.