COMPENSATING WAGE DIFFERENTIALS AND PUBLIC POLICY: A REVIEW.
The article summarizes the concepts of compensating wage differentials developed in the context of hedonic price theory. It focuses on the predicted trade-off between wages and disagreeable job characteristics. The elements of both the demand and supply functions relevant to the job are pace of work...
| Publicado en: | ILR Review Vol. 32; no. 3; pp. 339 - 353 |
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| Formato: | Artículo |
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Sage Publications Inc.
Apr79
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4455652&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4455652 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00197939 ILR jtl: ILR Review issn: 00197939 maglogo: Y pubinfo: dt: Apr79 vid: 32 iid: 3 pid: 344 pub: Sage Publications Inc. artinfo: ui: 4455652 10.1177/001979397903200304 ppf: 339 ppct: 14 formats: tig: atl: COMPENSATING WAGE DIFFERENTIALS AND PUBLIC POLICY: A REVIEW. aug: au: Smith, Robert S. affil: Associate Professor, New York State School of Industrial and Labor Relations, Cornell University. su: Wage differentials Wages Microeconomics Income Employment Labor costs Job descriptions Supply & demand Willingness to pay sug: subj: Wage differentials Wages Microeconomics Income Employment Labor costs Job descriptions Supply & demand Willingness to pay keyword: PUBLIC EMPLOYMENT AND PERSONNEL MANAGEMENT ab: The article summarizes the concepts of compensating wage differentials developed in the context of hedonic price theory. It focuses on the predicted trade-off between wages and disagreeable job characteristics. The elements of both the demand and supply functions relevant to the job are pace of work, probability of injury and unpleasantness of tasks. Thus, the wage rate embodies a series of implicit prices at which each of these job characteristics is bought and sold. Two general approaches to estimate the willingness of people to pay for reductions in the risk of death, namely survey method and estimating willingness to pay for lifesaving programs, are discussed. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1979 holdings: @attributes: islocal: N |
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