Three Approaches for Estimating the Value of Work

Abstract

Shows that the hedonic (or implicit) values associated with work activities can be derived in three ways: simultaneous equations technique, multiple linear regression analysis, and dual variables in a labour mix optimization model. Demonstrates consistency between the results of using each model. Concludes that hedonic values are not an artifact of a particular model but a natural and fundamental economic characteristic of work.

Citation

Sassone, P.G. (1992), "Three Approaches for Estimating the Value of Work", Information Technology & People, Vol. 6 No. 1, pp. 49-63. https://doi.org/10.1108/EUM0000000003544