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In discrete choice labor supply analysis, it is often reasonably expected that utility will increase with income. Yet, analyses based on discrete choice models sometimes mention that, when no restriction is imposed a priori in the optimization program, the monotonicity condition is not fully...
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We allow for differential effects of physical appearance across the wage distribution using a technique traditionally used in the finance literature. We find an average beauty premium of 2%–4% for women, which is concentrated at the bottom of the wage distribution. The average beauty premium...
Persistent link: https://www.econbiz.de/10011263438