The Workers' Value of the Remaining Employment Contract Duration

Jos van Ommeren () and Mihails Hazans

No 05-069/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: We introduce and apply a method for estimating workers' marginal willingness to pay for job attributes employing data on job search activity. Worker's willingness to pay for the remaining duration of the employment contract is derived. We provide evidence that workers attach substantial value to the remaining contract duration. A temporary worker with a remaining contract of six months is willing to pay about 10% of the monthly wage to increase the contract by one month.

This discussion paper has resulted in a publication in Economica , 2008, 75(297), 116-39.

Keywords: On-the-job search; Job attributes; Contract duration; Temporary job (search for similar items in EconPapers)
JEL-codes: J3 J6 (search for similar items in EconPapers)
Date: 2005-06-23
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Related works:
Working Paper: The workers' value of the remaining employment contract duration (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20050069

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