Hedonic Wage Equilibrium
Download Hedonic Wage Equilibrium full books in PDF, epub, and Kindle. Read online free Hedonic Wage Equilibrium ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads.
Author |
: Thomas J. Kniesner |
Publisher |
: Now Publishers Inc |
Total Pages |
: 83 |
Release |
: 2010 |
ISBN-10 |
: 9781601983701 |
ISBN-13 |
: 1601983700 |
Rating |
: 4/5 (01 Downloads) |
Synopsis Hedonic Wage Equilibrium by : Thomas J. Kniesner
Hedonic Wage Equilibrium examines empirically and theoretically the properties of the equilibrium wage function.
Author |
: Jay G. Chambers |
Publisher |
: |
Total Pages |
: 48 |
Release |
: 1979 |
ISBN-10 |
: STANFORD:36105003579740 |
ISBN-13 |
: |
Rating |
: 4/5 (40 Downloads) |
Synopsis The Hedonic Wage Technique as a Tool for Estimating the Costs of School Personnel by : Jay G. Chambers
Author |
: Thomas J. Kniesner |
Publisher |
: |
Total Pages |
: 168 |
Release |
: 1987 |
ISBN-10 |
: CORNELL:31924069035511 |
ISBN-13 |
: |
Rating |
: 4/5 (11 Downloads) |
Synopsis Can We Make OSHA and Workers' Compensation Insurance Interact More Effectively in Promoting Workplace Safety? by : Thomas J. Kniesner
Author |
: Seungjin Han |
Publisher |
: |
Total Pages |
: 26 |
Release |
: 2015 |
ISBN-10 |
: OCLC:1308513843 |
ISBN-13 |
: |
Rating |
: 4/5 (43 Downloads) |
Synopsis Compensating Wage Differentials in Stable Job Matching Equilibrium by : Seungjin Han
Abstract This paper studies implicit pricing of non-wage job characteristics in the labor market using a two-sided matching model. It departs from the previous literature by allowing worker heterogeneity in productivity, which gives rise to a double transaction problem in a hedonic model. Deriving sufficient conditions under which assortative matching is the unique stable job-worker matching, we show that observed wage differentials between jobs reflect not only compensating wage differentials, but also worker productivity gaps between the jobs. We find that the job-worker matching pattern determines the extent to which compensating wage differentials are confounded with the worker productivity gap effect.
Author |
: George Edwards Johnson |
Publisher |
: |
Total Pages |
: 168 |
Release |
: 1966 |
ISBN-10 |
: UCAL:C2970072 |
ISBN-13 |
: |
Rating |
: 4/5 (72 Downloads) |
Synopsis The Theory of Labor Market Equilibrium by : George Edwards Johnson
Author |
: Joseph E. Stiglitz |
Publisher |
: |
Total Pages |
: 64 |
Release |
: 1984 |
ISBN-10 |
: IND:30000113583813 |
ISBN-13 |
: |
Rating |
: 4/5 (13 Downloads) |
Synopsis Equilibrium Wage Distributions by : Joseph E. Stiglitz
This paper analyzes equilibrium in labor markets with costly search. Even in steady state equilibrium, identical labor may receive different wages; this may be the case even when the only source of imperfect information is the inequality of wages which the market is perpetuating. When there are information imperfections arising from (symmetric)differences in non-pecuniary characteristics of jobs and preferences of individuals, there will not in general exist a full employment, zero profit single wage equilibrium. There are, in general, a multiplicity of equilbria. Equilibrium may be characterized by unemployment; in spite of the presence of an excess supply of labor, no firm is willing to hire workers at a lowerwage. It knows that if it does so, the quit rate will be higher, and hence turnover costs(training costs) will be higher, so much so that profits will actually be lower. The model thus provides a rationale for real wage rigidity. The model also provides a theory of equilibrium frictional unemployment. Though the constrained optimality (taking explicitly into account the costs associated with obtaining information and search) may entail unemployment and wage dispersion, the levels of unemployment and wage dispersion in the market equilibrium will not, in general, be (constrained) optimal.
Author |
: Arthur Cecil Pigou |
Publisher |
: |
Total Pages |
: 306 |
Release |
: 1949 |
ISBN-10 |
: UOM:39015008460209 |
ISBN-13 |
: |
Rating |
: 4/5 (09 Downloads) |
Synopsis Employment and Equilibrium by : Arthur Cecil Pigou
Author |
: William T. Dickens |
Publisher |
: |
Total Pages |
: 21 |
Release |
: 1990 |
ISBN-10 |
: OCLC:465113770 |
ISBN-13 |
: |
Rating |
: 4/5 (70 Downloads) |
Synopsis Assuming the Can Opener by : William T. Dickens
Although intuitively appealing, the use of hedonic wage estimates to determine people's willingness to pay to avoid the risk of fatal hazards is fraught with problems. The theoretical basis for such estimates are flawed in a number of important ways. The underlying behavioral model is wrong, there is imperfect information about job hazards, and labor markets do not look like the perfectly competitive model on which the theory depends for its conclusions. Further, there are many serious problems with the techniques used to estimate hedonic wage equations. This paper describes these problems. Not surprisingly, these problems result in a wide range of results with respect to willingness to pay to avoid fatal hazards. It is argued that this wide range of results is not fully apparent in the literature because of the bias in publication towards positive as opposed to negative findings. The paper concludes that it is unlikely that economics has much to contribute to the public policy debate over the value of a life.
Author |
: Mark Andreas Lutz |
Publisher |
: |
Total Pages |
: 434 |
Release |
: 1972 |
ISBN-10 |
: UCAL:C2944984 |
ISBN-13 |
: |
Rating |
: 4/5 (84 Downloads) |
Synopsis The Equilibrium Industrial Wage Structure by : Mark Andreas Lutz
Author |
: Richard E. Quandt |
Publisher |
: |
Total Pages |
: 120 |
Release |
: 1988 |
ISBN-10 |
: STANFORD:36105038454547 |
ISBN-13 |
: |
Rating |
: 4/5 (47 Downloads) |
Synopsis The Conflict Between Equilibrium and Disequilibrium Theories by : Richard E. Quandt