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What Aspects Of Formality Do Workers Value? : Evidence From A Choice Experiment In Bangladesh / Mahmud, Minhaj.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Mahmud, Minhaj.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Choice Experiment.
- Contract.
- Employment Benefits.
- Informality.
- Job Stability.
- Labor Market.
- Labor Markets.
- Paid Leave.
- Pension Funds.
- Private Sector Development.
- Private Sector Economics.
- Social Protections and Labor.
- Termination Notice.
- Wages, Compensation and Benefits.
- Work and Working Conditions.
- Working Conditions.
- Working Hours.
- Local Subjects:
- Choice Experiment.
- Contract.
- Employment Benefits.
- Informality.
- Job Stability.
- Labor Market.
- Labor Markets.
- Paid Leave.
- Pension Funds.
- Private Sector Development.
- Private Sector Economics.
- Social Protections and Labor.
- Termination Notice.
- Wages, Compensation and Benefits.
- Work and Working Conditions.
- Working Conditions.
- Working Hours.
- Physical Description:
- 1 online resource (95 pages)
- Other Title:
- What Aspects Of Formality Do Workers Value?
- Place of Publication:
- Washington, D.C. : The World Bank, 2020.
- System Details:
- data file
- Summary:
- This study uses a choice experiment among 2,000 workers in Bangladesh to elicit willingness to pay (WTP) for job attributes: a contract, termination notice, working hours, paid leave, and a pension fund. Using a stated preference method allows calculation of WTP for benefits in this setting, despite the lack of data on worker transitions, and the fact that many workers are self-employed, which makes it difficult to use revealed preference methods. Workers highly value job stability: the average worker would be willing to forego a 27 percent increase in income to obtain a 1-year contract (relative to no contract), or to forego a 12 percent increase to obtain thirty days of termination notice. There is substantial heterogeneity in WTP by type of employment and gender: women value shorter working hours more than men, while government workers place a higher value on contracts than do private sector employees.
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