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- handle: 10670/1.1lhmsa
- hal: hal-03893167
- doi: 10.3982/QE928
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info:eu-repo/semantics/altIdentifier/doi/10.3982/QE928
http://creativecommons.org/licenses/by-nc/ , info:eu-repo/semantics/OpenAccess
Mots-clés
Matching Observed transfers Structural estimation Value of statistical life C - Mathematical and Quantitative Methods/C.C3 - Multiple or Simultaneous Equation Models • Multiple Variables/C.C3.C35 - Discrete Regression and Qualitative Choice Models • Discrete Regressors • Proportions C - Mathematical and Quantitative Methods/C.C7 - Game Theory and Bargaining Theory/C.C7.C78 - Bargaining Theory • Matching Theory J - Labor and Demographic Economics/J.J3 - Wages, Compensation, and Labor Costs/J.J3.J31 - Wage Level and Structure • Wage DifferentialsSujets proches
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Arnaud Dupuy et al., « A Note on the Estimation of Job Amenities and Labor Productivity », HAL-SHS : économie et finance, ID : 10.3982/QE928
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Résumé
This paper introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both the matching patterns and the wage curve. While our estimator is suited for a wide range of assignment problems, we provide an application to the estimation of the Value of a Statistical Life using compensating wage differentials for the risk of fatal injury on the job. Using US data for 2017, we estimate the Value of Statistical Life at $6.3 million ($2017).