Template-Type: ReDIF-Paper 1.0 Series: Tinbergen Institute Discussion Papers Creation-Date: 2005-06-23 Number: 05-069/3 Author-Name: Jos Van Ommeren Author-Email: firstname.lastname@example.org Author-Workplace-Name: Faculty of Economics, Vrije Universiteit Amsterdam Author-Name: Mihails Hazans Author-Email: email@example.com Author-Workplace-Name: University of Latvia, Riga, Latvia 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.
This discussion paper has resulted in a publication in Economica, 2008, 75(297), 116-39. Classification-JEL: J3; J6 Keywords: On-the-job search; Job attributes; Contract duration; Temporary job File-Url: http://papers.tinbergen.nl/05069.pdf File-Format: application/pdf File-Size: 307251 bytes Handle: RePEc:tin:wpaper:20050069