heterogeneity leading to a set of wages. We focus on the application where hedonic models have been most successful at clarifying … dimensions of heterogeneity in VSL, including by age and consumption plans, the latent trait that affects wages and job safety …

disamenities receive higher wages. On the other hand, workers in more risky or unpleasant jobs are less satisfied with their jobs … satisfaction because wages would fully adjust to compensate for differences in job characteristics. We show that when wages do not … needs to be complemented with a residual effect of job risks on utility which is not capitalized on wages. We explore the …

replicates the negative relationship between job-to-job transitions and wages observed in the U.S. labor market. …

A well-established empirical literature suggests that individual wages are persistent. Several theoretical arguments … commonly used static-model estimators of schooling coefficients are subject to an omitted-variable bias which can be named … "persistence bias". …

the determinants of the least squares bias of the wage return to education. We find that disregarding individual fixed … effects is highly problematic, accounting for 95% of the bias. In contrast, disregarding firm fixed effects has marginal …