Compensating Differentials and Self-Selection
An Application to Lawyers
Bibliographic Data
| ID | 10182625 |
|---|---|
| Authors | John H Goddeeris (corresponding author) |
| Year | 1988 |
| Volume | 96 |
| Issue | 2 |
| Pages | 411-428 |
| Publication date | 1988-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261544 |
| OpenAlex | W1965575369 |
| Language | EN |
| Citations received | 18 |
| References cited | 4 |
This paper models individual choice between two types of jobs as dependent on the difference i n potential earnings and on preferences for nonpecuniary compensation. The model leads to simultaneous estimation of earnings and job choice functions in a manner that takes account of self-selection of individuals into the sector of highest utility. An application to lawyers choosing between private and "public-interest" law casts doubt on the notion that public-interest lawyers are accepting substantially lower earnings by virtue of their choice-an impression derived from es timation of earnings functions without accounting for self-selection. The estimation technique also takes proper account of the "'choice-based" nature of the sample. Copyright 1988 by University of Chicago Press
Earnings · Econometrics · Economics · Estimation · Management · Microeconomics · Sample (material · Selection (genetic algorithm · Virtue · Accounting · Computer Science · Housing Market and Economics · Law · Law, Economics, and Judicial Systems · Occupational and Professional Licensing Regulation
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Economic Perspectives on Corporate Social Responsibility
Promotions and Incentives in Nonprofit and for-Profit Organizations
| Unique citing works | 18 |
|---|---|
| Citations per year | 0.5 |
| Citation span | 1990 - 2017 (28) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 18 |