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We study the descriptive and the normative consequences of attribute changes in standard discrete choice models. For additive random utility models, we derive expressions for the transition choice probabilities for a change in the systematic utility. We then use these expressions to compute the...
Persistent link: https://www.econbiz.de/10005328304
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The paper introduces status as reflecting an agent's claim to recognition in her work. It is a scarce resource: increasing an agent's status requires that another agent's status is decreased. Higher status agents are more willing to exert effort in exchange for money; better-paid agents would...
Persistent link: https://www.econbiz.de/10005328306
In this case-study, we use matched worker-firm Tunisian data to elicit the roles of intra-firm human capital and modern firm features in worker remunerations. We show that the estimated return to education in wage equations is not modified when replacing in the list of regressors the firm...
Persistent link: https://www.econbiz.de/10005328307
Persistent link: https://www.econbiz.de/10005328308
Persistent link: https://www.econbiz.de/10005328309
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