Estimating the Marginal Willingness to Pay for Commuting
利用荷兰纵向数据，基于工作持续时间变化的理论结果，估计了在职员工为通勤一小时的边际支付意愿，约为小时工资的一半。
With informational frictions on the labor market, hedonic wage regressions provide biased estimates of the willingness to pay for job attributes. We show that a recent theoretical result, which states that the variation in job durations provides a basis for obtaining good estimates, can be generalized to a wide class of search models. We apply this result by estimating the marginal willingness of employed workers to pay for commuting, using Dutch longitudinal data. The average willingness to pay for one hour commuting is estimated to equal almost half of the hourly wage rate.