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dc.contributor.authorEriksson, Toren_US
dc.contributor.authorKristensen, Nicolaien_US
dc.date.accessioned2011-09-20en_US
dc.date.accessioned2011-11-23T11:41:14Z-
dc.date.available2011-11-23T11:41:14Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/51977-
dc.description.abstractThe two key predictions of hedonic wage theory are that there is a trade-off between wages and nonmonetary rewards and that the latter can be used as a sorting device by firms to attract and retain the kind of employees they desire. Empirical analysis of these topics are scarce as they require detailed data on all monetary as well as nonmonetary rewards, not only for the job chosen but also for alternative offers. In this paper this data predicament is solved by the use of the vignettes method to estimate individuals' willingness to pay for fringe benefits and job amenities. We find clear negative wage-fringe trade-offs, considerable heterogeneity in willingness to pay for fringe benefits, and signs of sorting. The findings imply that personnel economics models can be applied also to the analysis of nonmonetary rewards.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5309en_US
dc.subject.jelJ32en_US
dc.subject.jelJ33en_US
dc.subject.jelM52en_US
dc.subject.ddc330en_US
dc.subject.keywordfringe benefitsen_US
dc.subject.keywordnonmonetary rewardsen_US
dc.subject.keywordtrade-offen_US
dc.subject.keywordsortingen_US
dc.subject.keywordheterogeneityen_US
dc.titleWages or fringes? Some evidence on trade-offs and sortingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn668564407en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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