Electronic Resource
Boston, USA and Oxford, UK
:
Blackwell Publishers Inc
Journal of regional science
40 (2000), S. 0
ISSN:
1467-9787
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Geography
,
Economics
Notes:
With informational frictions on the labor market, hedonic wage regressions provide biased estimates of the willingness to pay for job attributes. We show that a recent theoretical result, which states that the variation in job durations provides a basis for obtaining good estimates, can be generalized to a wide class of search models. We apply this result by estimating the marginal willingness of employed workers to pay for commuting, using Dutch longitudinal data. The average willingness to pay for one hour commuting is estimated to equal almost half of the hourly wage rate.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/0022-4146.00187
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