Compensating wage differentials in labor markets: Empirical challenges and applications (Record no. 523960)
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| 000 -LEADER | |
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| fixed length control field | 01561nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 231018b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Lavetti, Kurt |
| 245 ## - TITLE STATEMENT | |
| Title | Compensating wage differentials in labor markets: Empirical challenges and applications |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | The Journal of Economic Perspectives |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 37(3), Summer, 2023: p.189-212 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The model of compensating wage differentials is among the cornerstone models of equilibrium wage determination in labor economics. However, empirical estimates of compensating differentials have faced persistent credibility challenges. This article summarizes the Rosen model of compensating differentials and chronicles the advances, setbacks, and lessons learned from empirical studies. The progression from cross-sectional to panel models alleviated biases caused by unobserved human capital but yielded new insights into the importance of other biases, including those caused by labor market frictions and endogenous job mobility. I discuss recent approaches that use matched employer-employee data and quasi-random variation in job amenities to address some of these challenges. I then present two examples of applications of compensating differentials: the evaluation public health and safety policies that rely on the value of statistical life, and the measurement and interpretation of earnings inequality.- Reproduced https://www.aeaweb.org/articles?id=10.1257/jep.37.3.189 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | The Journal of Economic Perspectives |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | LABOUR MARKET |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2023-10-18 | 37(3), Summer, 2023: p.189-212 | AR129844 | 2023-10-18 | Articles |