01
NOV
2021
14:15
- 15:45
IWH Research Seminar
Worker Beliefs About Rents and Outside Options
Who
Benjamin Schoefer
(University of California)
Where
IWH conference room and via Zoom
We measure workers’ beliefs about rents and outside options in a representative sample of German workers, and compare these beliefs with proxies for actual outside options. While subjective worker rents are large - 14% of salary on average - they do not stem from workers’ subjective wage premia at their current firm, but are entirely derived from non-wage amenities.
