Preference for the workplace, investment in human capital, and gender

Matthew Wiswall () and Basit Zafar
Authors registered in the RePEc Author Service: Karl Widerquist

No 767, Staff Reports from Federal Reserve Bank of New York

Abstract: We use a hypothetical choice methodology to estimate preferences for workplace attributes and quantify how much these preferences influence pre-labor-market human capital investments. This method robustly identifies preferences for various job attributes, free from omitted variable bias and free from considering the equilibrium job match. Women on average have a higher willingness to pay (WTP) for jobs with greater work flexibility and job stability, and men have a higher WTP for jobs with higher earnings growth. These job preferences relate to college major choices and actual job choices, and explain as much as 25 percent of the gender wage gap..

Keywords: workplace preferences; compensating differentials; human capital; college majors; gender (search for similar items in EconPapers)
JEL-codes: J16 J24 (search for similar items in EconPapers)
Date: 2016-03-01
New Economics Papers: this item is included in nep-dcm, nep-hrm and nep-lma
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Citations: View citations in EconPapers (35)

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Journal Article: Preference for the Workplace, Investment in Human Capital, and Gender (2018)
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