Economics at your fingertips  

Non-Wage Job Values and Implications for Inequality

Tobias Lehmann ()
Additional contact information
Tobias Lehmann: USI Università della Svizzera Italiana

No 16663, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: I study inequality in job values, both in terms of wages and non-wage values, in Austria over the period 1996 to 2011. I show that differences in non-wage job value between firms are non-parametrically identified from data on worker flows and wage differentials. Intuitively, firms with high non-wage value attract workers without paying a wage premium. I study the distribution of job value among workers and find a positive correlation between wage and non-wage value. Inequality in job value is thus considerably greater than wage inequality, reflected in the standard deviation of job value being more than twice as large as the standard deviation of wage. Job value inequality increases between 1996 and 2011, although wage inequality remains constant. An important reason is that, over time, dispersion of rents offered by firms increases, while compensating differentials lose importance.

Keywords: inequality; amenities; worker heterogeneity; firm heterogeneity; on-the-job search; wage dispersion; matched employer-employee data (search for similar items in EconPapers)
JEL-codes: E24 J31 J32 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2023-12
New Economics Papers: this item is included in nep-bec, nep-eur, nep-hrm, nep-lma and nep-mac
References: View references in EconPapers View complete reference list from CitEc

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

Page updated 2024-06-21
Handle: RePEc:iza:izadps:dp16663