Economists use various metrics for measuring income inequality. Here, the most commonly used measures-the Lorenz curve, the Gini coefficient, decile ratios, the Palma ratio, and the Theil index-are discussed in relation to their benefits and limitations. Equally important is the choice of what...

This paper introduces a method for estimating workers' marginal willingness to pay for job attributes employing data on job search activity. Worker's willingness to pay to avoid a temporary contract, which increases the risk of becoming unemployed, is derived for Lithuania. The empirical...

This paper introduces a method for estimating workers' marginal willingness to pay for job attributes employing data on job search activity. Worker's willingness to pay to avoid a temporary contract, which increases the risk of becoming unemployed, is derived for Lithuania. The empirical...