ERF 26th Annual Conference
Comparing Methods to Estimate Valuations of Job Attributes
No.
ERF26_18
Publisher
ERF
Date
July, 2020
Topic
J. Labor and Demographic Economics
We estimate the value of different non-wage job amenities among a group of job seekers in Egypt. We use a number of randomly assigned elicitation methods as well as a discrete choice experiment administered to all participants. We find that willingness to pay estimates vary substantially across elicitation methods, both in nominal terms as well as with respect to a baseline salary, which suggests estimates obtained using stated preference should be validated with revealed preference methods to assess their validity. Estimates from certain widely used elicitation methods have the opposite sign from what economic theory would predict, which calls into question their reliability. We also find heterogeneous willingness to pay estimates within elicitation methods by gender, level of education and spell of job search.
Authors
Brian Feld
Assistant Professor, School of Economics and Finance,...
Authors
Abdelrahman Nagy
Director of Learning and Strategy, Sawiris Foundation...
Research Fellows
Adam Osman
Assistant Professor, University of Illinois