A Note on the Estimation of Job Amenities and Labor Productivity

Arnaud Dupuy and Alfred Galichon ()
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Arnaud Dupuy: CREA - Center for Research in Economic Analysis - uni.lu - Université du Luxembourg = University of Luxembourg = Universität Luxemburg, uni.lu - Université du Luxembourg = University of Luxembourg = Universität Luxemburg, IZA - Forschungsinstitut zur Zukunft der Arbeit - Institute of Labor Economics
Alfred Galichon: NYU - New York University [New York] - NYU - NYU System, ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both the matching patterns and the wage curve. While our estimator is suited for a wide range of assignment problems, we provide an application to the estimation of the Value of a Statistical Life using compensating wage differentials for the risk of fatal injury on the job. Using US data for 2017, we estimate the Value of Statistical Life at $6.3 million ($2017).

Keywords: Matching; Observed transfers; Structural estimation; Value of statistical life (search for similar items in EconPapers)
Date: 2022-01
New Economics Papers: this item is included in nep-ecm
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03893167v1
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Published in Quantitative Economics, 2022, 13 (1), pp.153-177. ⟨10.3982/QE928⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:spmain:hal-03893167

DOI: 10.3982/QE928

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