Hedonic Wage Equilibrium: Theory, Evidence and Policy

We examine theoretically and empirically the properties of the equilibrium wage function and its implications for policy. Our emphasis is on how the researcher approaches economic and policy questions when there is labor market heterogeneity leading to a set of wages. We focus on the application where hedonic models have been most successful at clarifying policy relevant outcomes and policy effects that of the wage premia for fatal injury risk.

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Year of publication:	2010
Authors:	Kniesner, Thomas J. ; Leeth, John D.
Published in:	Foundations and Trends(R) in Microeconomics. - now publishers. - Vol. 5.2010, 4, p. 229-299
Publisher:	now publishers
Subject:	Hedonics \| Labor markets \| Value of statistical life \| Wage equilibrium \| Microeconomics \| Econometrics \| Labor economics \| Public policy

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Extent:	application/xml
Type of publication:	Article
Other identifiers:	10.1561/0700000005 [DOI]
Classification:	J3 - Wages, Compensation, and Labor Costs ; C1 - Econometric and Statistical Methods: General ; J17 - Value of Life; Foregone Income
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010693725