A note on the estimation of job amenities and labor productivity

Arnaud Dupuy, Alfred Galichon

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).

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Year of publication:	2022
Authors:	Dupuy, Arnaud ; Galichon, Alfred
Published in:	Quantitative economics : QE ; journal of the Econometric Society. - Oxford [u.a.] : Wiley, ISSN 1759-7331, ZDB-ID 2569569-1. - Vol. 13.2022, 1, p. 153-177
Subject:	Matching \| observed transfers \| structural estimation \| value of statistical life \| Arbeitsproduktivität \| Labour productivity \| Theorie \| Theory \| Schätzung \| Estimation \| Wert des Menschenlebens \| Value of life

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.3982/QE928 [DOI] hdl:10419/296272 [Handle]
Classification:	C35 - Discrete Regression and Qualitative Choice Models ; C78 - Bargaining Theory; Matching Theory ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012807745