Employed and unemployed search: The marginal willingness to pay for attributes in Lithuania, the US and the Netherlands

Jos van Ommeren () and Mihails Hazans

No B 15-2003, ZEI Working Papers from University of Bonn, ZEI - Center for European Integration Studies

Abstract: This paper introduces a method for estimating workers' marginal willingness to pay for job attributes employing data on job search activity. Worker's willingness to pay to avoid a temporary contract, which increases the risk of becoming unemployed, is derived for Lithuania. The empirical relevance of this method is further shown re-interpreting studies that examine search behaviour in the U.S. and the Netherlands. We provide estimates of workers' willingness to pay for a wide range of job attributes including the risk of becoming unemployed and promotion prospects. Further, we discuss and apply a method for estimating unemployed individuals' willingness to pay for recall opportunities and the residual entitlement period

JEL-codes: J3 J6 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zeiwps:b152003

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