The Workers' Value of the Remaining Employment Contract Duration

Jos van Ommeren, Mihails Hazans

Research output: Working paperProfessional

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Abstract

This paper introduces and applies 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 6 months is willing to pay about 10% of the wage to increase the contract by one month.
Original languageEnglish
Place of PublicationAmsterdam
PublisherTinbergen Instituut
Publication statusPublished - 2005

Publication series

NameDiscussion paper TI
No.05-069/3

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