Our research presents new evidence on the age pattern of the implicit value of life revealed from workers' differential wages and job safety pairings. Although aging reduces the number of years of life expectancy, aging can affect the value of life through an effect on planned life-cycle...

This research demonstrates that much useful quantitative information concerning hedonic labor market equilibrium and the effects of disturbances to it can be obtained through the use of numerical simulation analysis. In particular, the authors (1) explore the general problems involved in...