A note on the estimation of job amenities and labor productivity

• 成果类型: Article
• 署名作者: Dupuy, Arnaud; Galichon, Alfred
• 署名单位: University of Luxembourg; New York University; New York University
• 刊物名称: QUANTITATIVE ECONOMICS
• ISSN/ISSBN: 1759-7323
• DOI: 10.3982/QE928
• 发表日期: 2022
• 页码: 153-177
• 关键词: Matching; observed transfers; structural estimation; value of statistical life; C35; C78; J31

摘要

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).