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Three Approaches for Estimating the Value of Work

Peter G. Sassone (School of Economics, College of Management, Georgia Institute of Technology)

Information Technology & People

ISSN: 0959-3845

Article publication date: 1 January 1992

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.

Keywords

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

Publisher

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MCB UP Ltd

Copyright © 1992, MCB UP Limited