Compensating Wage Differentials and Public Policy: A Review

@article{Smith1979CompensatingWD,
  title={Compensating Wage Differentials and Public Policy: A Review},
  author={Robert Sellers Smith},
  journal={Industrial \& Labor Relations Review},
  year={1979},
  volume={32},
  pages={339 - 352}
}
  • R. Smith
  • Published 1 April 1979
  • Economics
  • Industrial & Labor Relations Review
Reviews the theory of compensating wage differentials associated with disagreeable job characteristics. Discussion of the theory of compensating wage differentials; Job characteristics viwed as disagreeable by the marginal worker; Policy implications. (Abstract copyright EBSCO.) 

Figures and Tables from this paper

Why Do Wages Vary Among Employers

A review of empirical evidence on intra- and interindustry wage differentials among industries and establishments, presenting five alternative explanations for large and persistent variance in wages

Five Reasons Why Wages Vary Among Employers

This paper reviews the literature on wage differences among industries and establishments. After surveying the empirical evidence on intra- and interindustry wage differentials, five alternative

Sources of wage dispersion: the contribution of interemployer differentials within industry

An analysis of variance in individual production workers' wages within and between establishments, using BLS Industry Wage Surveys to examine establishment-based wage differentials.

Compensating Wage Differentials and the Duration of Wage Loss

A formal model of occupational choice is developed that shows the extent to which the compensation for increased duration exceeds that for increased risk. Using the Panel Study of Income Dynamics

The marriage premium and compensating wage differentials

TLDR
An alternative explanation of the marriage premium that relies upon differences in workers' tastes and compensating wage differentials is proposed and empirical evidence for this hypothesis is presented, including a reevaluation of previous studies.

Efficiency Wages and the Wage Structure

This paper examines differences in pay for equally skilled workers in different industries. The major finding is that there is substantial dispersion in wages across industries, even after allowing

Mind the Gap : Essays on Explanations of Gender Wage Inequality

The gender wage gap is accounted for to a substantial degree by the sex composition of occupations. The present thesis examines the mechanisms that produce this pattern. In particular, the theory o

Compensating Wage Differentials, Sorting into Occupations and Job Tasks

The theory of wage premia for job disamenities exhibits mixed evidence in empirical analysis. In the current study, I employ a rich data set of workplace attributes for 1979-2012 in Germany to show

Was Adam Smith Right After All? Another Test of the Theory of Compensating Wage Differentials

Past attempts to estimate the magnitude of compensating wage differentials have been hindered by the biasing effects of omitted variables and measurement error. We argue that a wage change

Compensating Wage Differentials in the Union and Nonunion Sectors

This paper tests for the existence of structurally different compensating payments in the union and nonunion sectors of the economy. Significant differences may stem from the different mechanisms by
...

References

SHOWING 1-10 OF 22 REFERENCES

Equalizing Differences in the Labor Market

The theory of equalizing differences asserts that workers receive compensating wage premiums when they accept jobs with undesirable nonwage characteristics, holding the worker's characteristics

Occupational Choice, Risk Aversion, and Wealth

Evaluation of a model of occupational choice in which earnings are regarded as random variables and contain an element of risk. Correlation between occupational risk and expected income; Influence of

Labor market valuations of life and limb: empirical evidence and policy implications.

The empirical analysis of compensating wage differentials received by 496 blue-collar workers yields the first implicit values of injuries ever obtained and the only implicit values of life that take

Earnings Functions and Nonpecuniary Benefits

Past empirical studies of earnings functions have used only pecuniary earnings measures. In this article, pecuniary, fringe, and certain nonpecuniary benefits are treated as additive components of a

The Control of Industrial Accidents: Economic Theory and Empirical Evidence

The passage of the Occupational Safety and Health Act of 1970 represents the latest extension of a form of government regulation that began in the United States almost a century ago. Government