Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/90901
Authors: 
Haywood, Luke
Year of Publication: 
2014
Series/Report no.: 
DIW Discussion Papers 1355
Abstract: 
Jobs offer different wages and different non-monetary working conditions. This paper investigates how the demand for non-monetary aspects evolves over changing wealth levels. Wages do not perfectly compensate individuals for differential utility of jobs in a labour market with informational frictions. Changes in wealth may then affect preferences for different jobs. Willingness to pay for non-monetary aspects of jobs (measured by job satisfaction for work in itself) is found to increase with wealth shocks. Duration models are estimated based on the reduced form of a search model. Wealth may play an important role in labour market choices.
Subjects: 
labor supply
wealth
job satisfaction
duration models
JEL: 
J21
J28
J32
J64
Document Type: 
Working Paper

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