With informational frictions on the labor market, hedonic wage regressions provide biased estimates of the willingness to pay for job attributes. We show that a recent theoretical result, which states that the variation in job durations provides a basis for obtaining good estimates, can be...

Entrepreneurship is at the heart of Schumpeterian theory. Potential entrepreneurs donot only take risk by seeking for new investment opportunities or new products, butalso by choosing new markets or new locations. Firm migration is thus an importantcomponent of modern entrepreneurship. Spatial...