Wages or Fringes? Some Evidence on Trade-Offs and Sorting

• 成果类型: Article
• 署名作者: Eriksson, Tor; Kristensen, Nicolai
• 署名单位: Aarhus University; IZA Institute Labor Economics
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/676662
• 发表日期: 2014
• 页码: 899-928
• 关键词: firms; pay

摘要

The two key predictions of hedonic wage theory are that there is a trade-off between wages and nonmonetary rewards and that the latter can be used as a sorting device by firms to attract and retain the kind of employees they desire. We use the vignettes method to estimate individuals' willingness-to-pay for fringe benefits and job amenities. We find negative wage-fringe trade-offs, considerable heterogeneity in willingness-to-pay for fringe benefits, and signs of sorting.