Workers' Valuation of the Remaining Employment Contract Duration

  1. JOS VAN OMMEREN1,
  2. MIHAILS HAZANS2

Article first published online: 27 DEC 2007

DOI: 10.1111/j.1468-0335.2007.00599.x

Issue

Economica

Economica

Volume 75, Issue 297, pages 116–139, February 2008

Additional Information

How to Cite

VAN OMMEREN, J. and HAZANS, M. (2008), Workers' Valuation of the Remaining Employment Contract Duration. Economica, 75: 116–139. doi: 10.1111/j.1468-0335.2007.00599.x

Author Information

  1. 1

    Free University, Amsterdam

  2. 2

    University of Latvia, Riga

Publication History

  1. Issue published online: 27 DEC 2007
  2. Article first published online: 27 DEC 2007
  3. Final version received 28 June 2006.

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We introduce and apply a method for estimating workers' marginal willingness to pay for job attributes employing data on job search activity. Worker's willingness to pay for the remaining duration of the employment contract is derived. We provide evidence that workers attach substantial value to the remaining contract duration. A temporary worker with a remaining contract of six months is willing to pay about 10% of the monthly wage to increase the contract by one month.

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