Accounting for wages and benefits using the ECI.
This article deals with the findings of a study regarding the use of Employer Cost Index (ECI) to correlate the relationship between benefits and wages in the U.S. Accounting for employee benefits as a form of real compensation for work has received much theoretical and empirical attention. The hedo...
| Publicado en: | Monthly Labor Review Vol. 127; no. 9; pp. 26 - 48 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
US Department of Labor
Sep2004
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=16222546&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 16222546 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00981818 MLR jtl: Monthly Labor Review issn: 00981818 maglogo: N pubinfo: dt: Sep2004 vid: 127 iid: 9 pid: 1929 pub: US Department of Labor artinfo: ui: 16222546 ppf: 26 ppct: 22 formats: fmt: – @attributes: type: T – @attributes: type: P size: 7MB tig: atl: Accounting for wages and benefits using the ECI. aug: au: Schwabish, Jonathan A. Perrins, Gerald affil: Senior director, Research and Policy, Partnership for New York City Regional economist, Philadelphia Regional Office, Bureau of Labor Statistics, Philadelphia, Pennsylvania su: United States Employee benefits Wages Wage differentials Employers sug: subj: Employee benefits Wages Wage differentials United States Health and Welfare Funds Other Insurance Funds Employers ab: This article deals with the findings of a study regarding the use of Employer Cost Index (ECI) to correlate the relationship between benefits and wages in the U.S. Accounting for employee benefits as a form of real compensation for work has received much theoretical and empirical attention. The hedonic theory of compensating wage differentials contends that workers make tradeoffs between wages and benefits. That is, in lieu of lower wages, workers are compensated by taking the greater benefits offered by employers. Empirical approaches to estimating the tradeoff however, have generally failed to correspond with theory. The value of employee benefits is of increasing importance to researchers and policymakers alike. A Study from the Employee Benefits Research Institute reports that employee benefits became an even greater proportion of total compensation, rising from 26.8 percent to 28.9 percent between 1987 and 1994. Employee benefit cost data, along with wage and salary data, come from the survey used by the U.S. Bureau of Labor Statistics to generate the quarterly price index for employer costs, known as the ECI. Several aspects of the ECI made the calculations of average benefit costs especially troublesome. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|