High-Pressure, High-Paying Jobs?
利用工人调查和实验数据，研究发现工作压力与高收入相关，反映了工人为规避压力而愿意放弃的工资溢价，且压力差异解释了工资不平等的重要部分。
Abstract Work-related stress has reportedly increased over time. Using worker-level survey and experimental data, we investigate the labor market consequences of work pressure. We build a measure of pressure strongly associated with adverse health outcomes and show that pressure comes with a sizable earnings premium, reflecting workers’ willingness-to-pay to avoid pressure. As expected, we do not find a premium among civil servants who face strong labor market frictions. Our experimental evidence is consistent with workers sorting into high-pressure jobs and with a sizable market-level compensating differential. Differences in the prevalence and valuation of work pressure explain substantial shares of wage inequality.