Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/296272 
Year of Publication: 
2022
Citation: 
[Journal:] Quantitative Economics [ISSN:] 1759-7331 [Volume:] 13 [Issue:] 1 [Year:] 2022 [Pages:] 153-177
Publisher: 
The Econometric Society, New Haven, CT
Abstract: 
This paper introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both the matching patterns and the wage curve. While our estimator is suited for a wide range of assignment problems, we provide an application to the estimation of the Value of a Statistical Life using compensating wage differentials for the risk of fatal injury on the job. Using US data for 2017, we estimate the Value of Statistical Life at $ 6.3 million ($2017).
Subjects: 
Matching
observed transfers
structural estimation
value of statistical life
JEL: 
C35
C78
J31
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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