Estimating the marginal willingness to pay for commuting


Ommeren, Jos van ; Berg, Gerard J. van den ; Gorter, Cees



DOI: https://doi.org/10.1111/0022-4146.00187
URL: https://onlinelibrary.wiley.com/doi/abs/10.1111/00...
Additional URL: https://www.researchgate.net/publication/4914731_E...
Document Type: Article
Year of publication: 2000
The title of a journal, publication series: Journal of Regional Science
Volume: 40
Issue number: 3
Page range: 541 - 563
Place of publication: Oxford
Publishing house: Wiley-Blackwell
ISSN: 0022-4146 , 1467-9787
Publication language: English
Institution: School of Law and Economics > Alexander v. Humboldt Professor in Econometrics and Empirical Economics (Van den Berg -2016)
Subject: 330 Economics
Abstract: With informational frictions on the labor market, hedonic wage regressions provide biased estimates of the willingness to pay for job attributes. We show that a recent theoretical result, which states that the variation in job durations provides a basis for obtaining good estimates, can be generalized to a wide class of search models. We apply this result by estimating the marginal willingness of employed workers to pay for commuting, using Dutch longitudinal data. The average willingness to pay for one hour commuting is estimated to equal almost half of the hourly wage rate.

Dieser Eintrag ist Teil der Universitätsbibliographie.




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