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Willingness to pay (WTP) estimates were calculated by dividing attribute coefficients by the salary coefficient for both models.
When cost (or salary) coefficient is used as denominator, the ratio of coefficient provides an estimate of the willingness to pay for a particular characteristic.
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There was also a positive correlation between country-of-origin returns to schooling and teacher quality as measured by average salary (correlation coefficient = 0.52) and average years in school (correlation coefficient = 0.35 11.
The mean utility coefficient for salary is assumed to be constant at all salary levels and can easily be rescaled.
The coefficient for salary, a continuous valuable, indicates the utility gained per 10% increase above the basic monthly salary for a CO in their first year of service.
The results of pooled OLS were similar to those of Kawamura's previous results in that the coefficient of salary was positive and not significant [ 25].
Calculation of the Gini-coefficient needs salary data which are still more or less a taboo in Finland.
Because the ratio in a smaller quota programme is more susceptible to a change in the number of applicants, we also conducted least squares regression weighted by hospital size, and first difference estimation with dummy variables for hospital size, and found significant coefficients of salary (data not shown).
In Table 3 4 5 6 mean utility coefficients for the salary attribute are standardized to represent respondent preferences for $500,000 USh per month.
Satisfaction with salary had the largest standardized path coefficient of all the independent variables.
A 30% increase in salary would have the third highest coefficient.
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