The Role of Nonpecuniary Considerations: Location Decisions of College Graduates From Low‐Income Backgrounds
研究了低收入背景大学生毕业后的工作地点选择，通过调查量化非金钱因素（如生活舒适度）的货币价值，发现其与工资同等重要，对理解区域不平等有参考价值。
ABSTRACT We examine the initial postcollege geographic location decisions of students from low‐income backgrounds, focusing on the role of nonpecuniary considerations. Novel survey questions, in the spirit of the contingent valuation approach, allow us to characterize the full nonpecuniary benefits of each relevant location in dollar equivalents. Supplementing data on perceived location choice probabilities and wage expectations with our nonpecuniary measures allows us to estimate a stylized location choice model and obtain a comprehensive understanding of the importance of pecuniary and nonpecuniary factors. We also combine the nonpecuniary measures with realized location and earnings outcomes to characterize inequality in overall welfare.