Ranking Firms Using Revealed Preference*
通过分析美国行政数据中雇主间流动的结构，估计工人对企业的偏好，发现补偿性差异解释了超过一半的企业层面收入方差。
This article estimates workers' preferences for firms by studying the structure of employer-to-employer transitions in U.S. administrative data. The article uses a tool from numerical linear algebra to measure the central tendency of worker flows, which is closely related to the ranking of firms revealed by workers' choices. There is evidence for compensating differentials when workers systematically move to lower-paying firms in a way that cannot be accounted for by layoffs or differences in recruiting intensity. The estimates suggest that compensating differentials account for over half of the firm component of the variance of earnings.