Tag

Effective Wage

2 cards

Economics (general)RCT
Effective Wage Differential Bundle Mechanism
The logit intercept divided by the slope directly identifies the marginal value of time, proving that effective wage variation cleanly isolates willingness to supply incremental work hours without income effects.
Economics (general)RCT
Wage Framing Invariance (Average vs. Marginal)
Estimated marginal values of time are statistically indistinguishable between average wage framing ($12.00, s.e. = 1.50) and explicit marginal wage framing, confirming that structural framing does not bias applicant labor supply evaluations.