Hedonic Wage Equilibrium: Theory, Evidence and Policy

Thomas Kniesner and John D. Leeth

Foundations and Trends(R) in Microeconomics, 2010, vol. 5, issue 4, 229-299

Abstract: We examine theoretically and empirically the properties of the equilibrium wage function and its implications for policy. Our emphasis is on how the researcher approaches economic and policy questions when there is labor market heterogeneity leading to a set of wages. We focus on the application where hedonic models have been most successful at clarifying policy relevant outcomes and policy effects that of the wage premia for fatal injury risk.

Keywords: Hedonics; Labor markets; Value of statistical life; Wage equilibrium; Microeconomics; Econometrics; Labor economics; Public policy; Econometrics (search for similar items in EconPapers)
JEL-codes: C1 J17 J3 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Hedonic Wage Equilibrium: Theory, Evidence and Policy (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:now:fntmic:0700000005

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