Quantitative Economics

Journal Of The Econometric Society

Edited by: Stéphane Bonhomme • Print ISSN: 1759-7323 • Online ISSN: 1759-7331

Quantitative Economics: Jan, 2022, Volume 13, Issue 1

A note on the estimation of job amenities and labor productivity

Arnaud Dupuy, Alfred Galichon

This paper introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both the matching patterns and the wage curve. While our estimator is suited for a wide range of assignment problems, we provide an application to the estimation of the Value of a Statistical Life using compensating wage differentials for the risk of fatal injury on the job. Using US data for 2017, we estimate the Value of Statistical Life at $6.3 million ($2017).

Matching observed transfers structural estimation value of statistical life C35 C78 J31

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Supplement to "A note on the estimation of job amenities and labor productivity"

Supplement to "A note on the estimation of job amenities and labor productivity"

Supplement to "A note on the estimation of job amenities and labor productivity"

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