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最新讲座 4月27日Seminar-Prof.Tor Eriksson
发布时间：2011-04-21
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时间：2011年4月27日（周三）下午2-3:30
地点：后主楼1620
主持人：经管学院 何浩然
Title: Wages or Fringes? Some Evidence on Trade-offs and Sorting
Author: Tor Eriksson and Nicolai Kristensen
Abstract:
The two key predictions of hedonic wage theory are that there is a trade-off between wages and nonmonetary rewards and that the latter can be used as a sorting device by firms to attract and retain the kind of employees they desire. Empirical analyses of these topics are scarce as they require detailed data on all monetary as well as nonmonetary rewards, not only for the job chosen but also for alternative offers. In this paper this data predicament is solved by the use of the vignettes method to estimate individuals’ willingness to pay for fringe benefits and job amenities. We find clear negative wage-fringe trade-offs, considerable heterogeneity in willingness to pay for fringe benefits, and signs of sorting. The findings imply that personnel economics models can be applied also to the analysis of nonmonetary rewards.
Introduction of the presenter:
Tor Eriksson is professor of economics at Aarhus University in Denmark. His research areas are labour economics, especially personnel economics, experimental economics, health economics and intergenerational mobility. Some of his recent papers have been published in China Economic Review, Economic Inquiry, JEBO, Economic Journal, IJIO and the ILR Review. He is a member of the working group in Personnel Economics at National Bureau of Economic Research, a research fellow at the Institute for Compensation Studies, Cornell University, and member of the newly established Sino-Danish Center for Education and Research.