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We also demonstrate that there is substantial interaction between the other components, most notably, that the importance of the job match obtained by search frictions varies from around 4% to around 29%, depending on how we account for other components. Inequality due to preferences for non\u2010pecuniary aspects of the job (which leads to compensating differentials) and search are both very important for explaining other features of the data. Search is important for turnover, but so are preferences for non\u2010pecuniary aspects of jobs as one\u2010third of all choices between two jobs would have resulted in a different outcome if the worker only cared about wages.<\/jats:p>","DOI":"10.3982\/ecta14441","type":"journal-article","created":{"date-parts":[[2020,5,7]],"date-time":"2020-05-07T11:57:12Z","timestamp":1588852632000},"page":"1031-1069","source":"Crossref","is-referenced-by-count":101,"title":["Estimation of a Roy\/Search\/Compensating Differential Model of the Labor Market"],"prefix":"10.3982","volume":"88","author":[{"given":"Christopher","family":"Taber","sequence":"first","affiliation":[{"name":"Department of Economics, University of Wisconsin-Madison"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Rune","family":"Vejlin","sequence":"additional","affiliation":[{"name":"Department of Economics and Business Economics, Aarhus University"},{"name":"IZA"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"2359","published-online":{"date-parts":[[2020]]},"reference":[{"issue":"2","key":"ecta200148-bib-0001","doi-asserted-by":"crossref","first-page":"251","DOI":"10.1111\/1468-0262.00020","volume":"67","author":"Abowd","year":"1999","journal-title":"Econometrica"},{"issue":"0","key":"ecta200148-bib-0002","first-page":"1","volume":"0","author":"Abowd","year":"2018","journal-title":"Journal of Business & Economic Statistics"},{"issue":"1","key":"ecta200148-bib-0003","doi-asserted-by":"crossref","first-page":"313","DOI":"10.1162\/003355301556329","volume":"116","author":"Altonji","year":"2001","journal-title":"The Quarterly Journal of Economics"},{"issue":"3","key":"ecta200148-bib-0004","doi-asserted-by":"crossref","first-page":"437","DOI":"10.2307\/2297568","volume":"54","author":"Altonji","year":"1987","journal-title":"Review of Economic Studies"},{"key":"ecta200148-bib-0005","doi-asserted-by":"crossref","unstructured":"Andersen, T., and M. 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