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dc.contributor.authorEriksson, Toren
dc.contributor.authorKristensen, Nicolaien
dc.date.accessioned2011-09-20-
dc.date.accessioned2011-11-23T11:41:14Z-
dc.date.available2011-11-23T11:41:14Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x5309en
dc.subject.jelJ32en
dc.subject.jelJ33en
dc.subject.jelM52en
dc.subject.ddc330en
dc.subject.keywordfringe benefitsen
dc.subject.keywordnonmonetary rewardsen
dc.subject.keywordtrade-offen
dc.subject.keywordsortingen
dc.subject.keywordheterogeneityen
dc.titleWages or fringes? Some evidence on trade-offs and sorting-
dc.typeWorking Paperen
dc.identifier.ppn668564407en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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