Search Results

Author: McCue, Kristin
Resulting in 1 citation.
1. McCue, Kristin
Reed, W. Robert
New Evidence on Workers' Willingness to Pay for Job Attributes
Southern Economic Journal 62,3 (January 1996): 627-652.
Also: http://www.jstor.org/stable/1060884
Cohort(s): NLSY79
Publisher: Southern Economic Association
Keyword(s): Benefits, Fringe; Wages, Reservation

This paper provides new evidence on the importance of nonwage job attributes. Using self-reported data from the NLS Youth Cohort, the authors calculate differences in reservation wages across six different job types. The results suggest that workers generally place a relatively large monetary value on nonpecuniary dimensions of work. Furthermore, the authors find evidence of substantial heterogeneity in workers' valuations. This has implications for a number of labor market phenomena, including length of job search, losses associated with job placement, and the interoccupational mobility of labor.
Bibliography Citation
McCue, Kristin and W. Robert Reed. "New Evidence on Workers' Willingness to Pay for Job Attributes." Southern Economic Journal 62,3 (January 1996): 627-652.