Labor Economics

5.

Compensating Wage Differentials

5.1.

Theoretical Framework

5.1.1.

Hedonic Theory of Wages

5.1.1.1.

Wage Determination for Job Characteristics

5.1.1.2.

Hedonic Wage Functions

5.1.2.

Worker Preferences for Job Characteristics

5.1.2.1.

Valuation of Risk and Amenities

5.1.2.2.

Heterogeneity in Preferences

5.1.3.

Firm's Provision of Job Amenities

5.1.3.1.

Cost-Benefit Analysis for Firms

5.1.3.2.

Market Provision of Amenities

5.2.

Risk and Safety Differentials

5.2.1.

Equilibrium Differentials for Job Risk

5.2.1.1.

5.2.2.

Value of a Statistical Life

5.2.2.1.

Methods of Estimation

5.2.2.2.

Policy Implications

5.2.3.

Occupational Safety Regulation

5.3.

Other Job Attribute Differentials

5.3.1.

Fringe Benefits

5.3.1.1.

Health Insurance

5.3.1.2.

Retirement Plans

5.3.1.3.

Vacation and Sick Leave

5.3.2.

5.3.2.1.

Permanent vs. Temporary Employment

5.3.2.2.

5.3.3.

Work Environment

5.3.3.1.

Physical Conditions

5.3.3.2.

Flexible Work Arrangements

5.3.3.3.

Location and Commuting

5.4.

Empirical Evidence

5.4.1.

Estimation Methods

5.4.2.

Measurement Challenges

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6. Human Capital