Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/98592
Authors: 
Lachowska, Marta
Year of Publication: 
2013
Series/Report no.: 
Upjohn Institute Working Paper 13-196
Abstract: 
This paper studies the link between hourly wages and workers' subjective assessments of how easy it would be to find another job as good as the present one, and how easy it would be for an employer to replace an employee. First, using high-quality data, I study the correlates of these two assessments. Second, I study whether respondents who report better outside opportunities and respondents who think they are difficult to replace receive higher wages. The results appear to be consistent with predictions of at least three theoretical frameworks: human capital theory, search theory, and a locus of control model.
Subjects: 
Wages
Employment Relations
Outside Options
Human Capital
Locus of Control
Labor Market Frictions
JEL: 
J31
J41
J50
M51
Document Type: 
Working Paper

Files in This Item:
File
Size
279.71 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.