Estimating the marginal willingness to pay for commuting

Jos van Ommeren (), Gerard J. van den Berg and Cees Gorter

No 46, Serie Research Memoranda from VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics

Abstract: With informational frictions on the labor market, hedonic wage regressions provide biased estimates of the willingness to pay for job attributes. We show that a recent theoretical result, which states that variation in job durations does provide good estimates in case of a basic on-the-job search model, can be generalized to a wide class of search models. We apply this result by estimating the marginal willingness of employed workers to pay for commuting, using Dutch longitudinal data. The average willingness to pay for one hour commuting is estimated to equal almost half of the hourly wage rate.

Keywords: job search; commuting distance; job durations; hedonic wages (search for similar items in EconPapers)
JEL-codes: J32 J33 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Estimating the Marginal Willingness to Pay for Commuting (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:vua:wpaper:1998-46

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