Pay Isn’t Everything: How Economists Put a Price on Job Perks episode artwork

EPISODE · Aug 5, 2025 · 29 MIN

Pay Isn’t Everything: How Economists Put a Price on Job Perks

from The Pie: An Economics Podcast · host Becker Friedman Institute at UChicago

Economists often focus on wages when studying the labor market, but paychecks tell only part of the story. University of Chicago economist Evan Rose and his co-authors surveyed 20,000 Danish workers to put a dollar value on the intangible perks of a job, things like flexible hours, workplace culture, and stress levels. Rose discusses how these “hidden benefits” shape labor markets, why economists need better data on job quality, and what this all means for workers, firms, and policymakers.

Economists often focus on wages when studying the labor market, but paychecks tell only part of the story. University of Chicago economist Evan Rose and his co-authors surveyed 20,000 Danish workers to put a dollar value on the intangible perks of a job, things like flexible hours, workplace culture, and stress levels. Rose discusses how these “hidden benefits” shape labor markets, why economists need better data on job quality, and what this all means for workers, firms, and policymakers.

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Pay Isn’t Everything: How Economists Put a Price on Job Perks

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This episode was published on August 5, 2025.

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Economists often focus on wages when studying the labor market, but paychecks tell only part of the story. University of Chicago economist Evan Rose and his co-authors surveyed 20,000 Danish workers to put a dollar value on the intangible perks of a...

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