Not logged in.

Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title The Happiness Gains From Sorting and Matching in the Labor Market
Organization Unit
Authors
  • Simon Luechinger
  • Alois Stutzer
  • Rainer Winkelmann
Language
  • English
Institution University of Zurich
Series Name Working paper series / Institute for Empirical Research in Economics
Number No. 275
ISSN 1424-0459
Date 2006
Abstract Text Sorting of people on the labor market not only assures the most productive use of valuable skills but also generates individual utility gains if people experience an optimal match between job characteristics and their preferences. Based on individual data on reported satisfaction with life it is possible to assess these latter gains from matching. We introduce a two-equation ordered probit model with endogenous switching and study self-selection into government and private sector jobs. We find considerable gains from matching amounting to an increase in the fraction of very satisfied workers from 53.8 to 58.8 percent relative to a hypothetical random allocationnof workers to the two sectors.
Official URL http://www.econ.uzh.ch/wp.html
PDF File Download from ZORA
Export BibTeX
EP3 XML (ZORA)