A note on the estimation of job amenities and labor productivity

Arnaud Dupuy; Alfred Galichon

doi:10.3982/QE928

A note on the estimation of job amenities and labor productivity

Arnaud Dupuy, Alfred Galichon

Research output: Contribution to journal › Article › peer-review

Abstract

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).

Original language	English (US)
Pages (from-to)	153-177
Number of pages	25
Journal	Quantitative Economics
Volume	13
Issue number	1
DOIs	https://doi.org/10.3982/QE928
State	Published - Jan 2022

ASJC Scopus subject areas

Economics and Econometrics

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A note on the estimation of job amenities and labor productivity

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