Compensating Wage Differentials in Labor Markets: Empirical Challenges and Applications.

Autor/in	Lavetti, Kurt
Titel	Compensating Wage Differentials in Labor Markets: Empirical Challenges and Applications. Gefälligkeitsübersetzung: Ausgleich von Lohnunterschieden auf den Arbeitsmärkten: Empirische Herausforderungen und Anwendungen.
Quelle	In: The journal of economic perspectives, 37 (2023) 3, S. 189-212 PDF als Volltext kostenfreie Datei (1); PDF als Volltext (2) Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0895-3309; 1944-7965
DOI	10.1257/jep.37.3.189
Schlagwörter	Empirische Forschung; Forschungsmethode; Determinante; Einkommensunterschied; Arbeitsbedingungen; Lohnhöhe; Lohntheorie; Arbeitsplatz; Arbeitsplatzwahl; Berufsgruppe; Qualifikation; Tätigkeitsmerkmal; Einflussfaktor; Präferenz; Qualität
Abstract	"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." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2024/1