The workers' value of the remaining employment contract duration

J.N. van Ommeren; M. Hazans

doi:10.1111/j.1468-0335.2007.00599.x

The workers' value of the remaining employment contract duration

J.N. van Ommeren, M. Hazans

Spatial Economics

Research output: Contribution to Journal › Article › Academic › peer-review

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. © The London School of Economics and Political Science 2007.

Original language	English
Pages (from-to)	116-136
Number of pages	20
Journal	Economica
Volume	75
Issue number	297
DOIs	https://doi.org/10.1111/j.1468-0335.2007.00599.x
Publication status	Published - 2008

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1111/j.1468-0335.2007.00599.x

Handle.net

Persistent link

Cite this

@article{cae1db238e66412dac6f50b465af8451,

title = "The workers' value of the remaining employment contract duration",

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. {\textcopyright} The London School of Economics and Political Science 2007.",

author = "{van Ommeren}, J.N. and M. Hazans",

year = "2008",

doi = "10.1111/j.1468-0335.2007.00599.x",

language = "English",

volume = "75",

pages = "116--136",

journal = "Economica",

issn = "0013-0427",

publisher = "Wiley-Blackwell",

number = "297",

}

TY - JOUR

T1 - The workers' value of the remaining employment contract duration

AU - van Ommeren, J.N.

AU - Hazans, M.

PY - 2008

Y1 - 2008

N2 - 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. © The London School of Economics and Political Science 2007.

AB - 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. © The London School of Economics and Political Science 2007.

U2 - 10.1111/j.1468-0335.2007.00599.x

DO - 10.1111/j.1468-0335.2007.00599.x

M3 - Article

VL - 75

SP - 116

EP - 136

JO - Economica

JF - Economica

SN - 0013-0427

IS - 297

ER -