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Pinning down the value of statistical life
Kniesner, Thomas J.; Viscusi, W. Kip; Woock, Christopher; … - 2007
Our research addresses fundamental long-standing concerns in the compensating wage differentials literature and its public policy implications: the econometric properties of estimates of the value of statistical life (VSL) and the wide range of such estimates from about $0.5 million to about $21...
Persistent link: https://www.econbiz.de/10003561666
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Compensation in personal injury cases : mean or median income?
Danziger, Leif; Katz, Eliakim - 2019
percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …
Persistent link: https://www.econbiz.de/10012034365
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Do wages really compensate for risk aversion and skewness affection?
Hartog, Joop; Vijverberg, Wim P. M. - 2002
Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this … notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of …
Persistent link: https://www.econbiz.de/10011405939
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Hedonic wage equilibrium : theory, evidence and policy
Kniesner, Thomas J.; Leeth, John D. - 2010
We examine theoretically and empirically the properties of the equilibrium wage function and its implications for policy. Our emphasis is on how the researcher approaches economic and policy questions when there is labor market heterogeneity leading to a set of wages. We focus on the application...
Persistent link: https://www.econbiz.de/10008688722
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Compensating differentials for occupational health and safety risks : implications of recent evidence
Kniesner, Thomas J.; Viscusi, W. Kip - 2022
life year (VSLY), which have both mortality and morbidity aspects that we describe and apply here. All such tradeoff rates …
Persistent link: https://www.econbiz.de/10013168073
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The forgotten numbers: a closer look at COVID-19 non-fatal valuations
Kniesner, Thomas J.; Sullivan, Ryan - 2020
Our research estimates Covid-19 non-fatal economic losses in the U.S. using detailed data on cumulative cases and hospitalizations from January 22, 2020 to July 27, 2020, from the Centers for Disease Control and Prevention (CDC). As of July 27, 2020, the cumulative confirmed number of cases was...
Persistent link: https://www.econbiz.de/10012271657
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A tale of the tails : the value of a statistical life at the tails of the age distribution
Kniesner, Thomas J.; Viscusi, W. Kip - 2024
The considerable literature on the value of a statistical life (VSL) documents the wage-mortality risk tradeoffs for …
Persistent link: https://www.econbiz.de/10014496254
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Death, happiness, and the calculation of compensatory damages
Oswald, Andrew J. (contributor);  … - 2007
This paper studies the mental distress caused by bereavement. The largest emotional losses are from the death of a spouse; the second-worst in severity are the losses from the death of a child; the third-worst is the death of a parent. The paper explores how happiness regression equations might be...
Persistent link: https://www.econbiz.de/10003608456
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Inequality in individual mortality and economic conditions earlier in life
Berg, Gerard J. van den (contributor);  … - 2006
We analyze the effect of being born in a recession on the mortality rate later in life in conjunction with social class … inequality measures. The results indicate that being born in a recession increases the mortality rate later in life for most of … the population. Lower social classes suffer disproportionally from being born in recessions. This exacerbates mortality …
Persistent link: https://www.econbiz.de/10003497911
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Life expectancy, schooling, and lifetime labor supply : theory and evidence revisited
Cervellati, Matteo; Sunde, Uwe - 2013
This paper presents a theoretical and empirical analysis of the role of life expectancy for optimal schooling and lifetime labor supply. The results of a simple prototype Ben-Porath model with age-specific survival rates show that an increase in lifetime labor supply is not a necessary, nor a...
Persistent link: https://www.econbiz.de/10009721323