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Simulating Hedonic Labor Market Models: Computational Issues and Policy Applications

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  • Kniesner, Thomas J
  • Leeth, John D

Abstract

This research demonstrates that much useful quantitative information concerning hedonic labor market equilibrium and the effects of disturbances to it can be obtained through the use of numerical simulation analysis. In particular, the authors (1) explore the general problems involved in numerically simulating hedonic labor market equilibrium; (2) determin e the sensitivity of wages to changes in the parameter values of the underlying structural equations; and (3) examine the labor market and economic welfare implications of some straightforward policy alternatives, including a tax on the firm based on its industrial injury experience. Copyright 1988 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Suggested Citation

  • Kniesner, Thomas J & Leeth, John D, 1988. "Simulating Hedonic Labor Market Models: Computational Issues and Policy Applications," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 29(4), pages 755-789, November.
    • Handle: RePEc:ier:iecrev:v:29:y:1988:i:4:p:755-89
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    Cited by:

    1. Heckman, James J. & Matzkin, Rosa & Nesheim, Lars, 2003. "Simulation and Estimation of Hedonic Models," IZA Discussion Papers 843, Institute of Labor Economics (IZA).
    2. James J. Heckman & Rosa Matzkin & Lars Nesheim, 2003. "Simulation and Estimation of Nonaddative Hedonic Models," NBER Working Papers 9895, National Bureau of Economic Research, Inc.
    3. Denis Bolduc & Bernard Fortin & France Labrecque & Paul Lanoie, 1997. "Incentive Effects of Public Insurance Programs on the Occurence and the Composition of Workplace Injuries," CIRANO Working Papers 97s-24, CIRANO.

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