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UID:13be7366b9bae3fcb7e2fa8313190fe7
CATEGORIES:Seminars
CREATED:20150504T174015
SUMMARY:Lunch Seminar: Elena Cottini - University Cattolica of Sacro Cuore
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Job Hazard Premia and Worker Risk Profiles\nAbstract:\nWe provide a fresh a
 nalysis of the theory of compensating wage differentials (CWD) using detail
 ed data on self-reported workplace environment conditions, from a represent
 ative 5-wave (1990-2010, 5-year spaced) panel survey of workers, which we m
 erge to the Danish yearly longitudinal linked-employer-employee-data. Our s
 tudy extends previous CWD empirical analysis in several ways. In standard h
 edonic wage equations, we control for both individual and firm-specific tim
 e-invariant unobserved heterogeneity. In addition, we can account for selec
 tion of workers into hazardous jobs by proxying for individual heterogeneit
 y in risk attitudes with information on smoking behavior and having young c
 hildren. In ongoing analysis, we also estimate the marginal willingness to 
 pay for amenities using worker employment transition histories. Our prelimi
 nary findings are that accounting for both time-invariant and time-varying 
 worker unobserved heterogeneity is crucial in this type of empirical exerci
 se, and that, among a large host of job non-pecuniary characteristics that 
 vary extensively in our data, only some job disamenities, such as worktime 
 inflexibility, commuting to work, and monotonous job tasks, are compensated
  for.\n
DTSTAMP:20260404T031125Z
DTSTART:20150428T130000Z
DTEND:20150428T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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