Paper #738

Título:

Compensating wage differentials and voluntary job changes: Evidence from West Germany

Autor:

Ernesto Villanueva

Fecha:

Enero 2004

Resumen:

Does the labor market place wage premia on jobs that involve physical strain, job, insecurity or bad regulation of hours? This paper derives bounds on the monetary returns to these job disamenities in the West German labor market. We show that in a market with dispersion in both job characteristics and wages, the average wage change of workers who switch jobs voluntarily and opt for consuming more (less) disamenities,provides an upper (lower) bound on the market return to the disamenity. Using longitudinal information from workers in the German Socio Economic Panel, we estimate an upper bound of 5% and a lower bound of 3.5% for the market return to work strain in a job.

Palabras clave:

Wage level and structure, job satisfaction, compensation packages

Códigos JEL:

J28, J31, J33

Área de investigación:

Economía Laboral, Pública, de Desarrollo y de la Salud

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