Our research examines empirically 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...

A prominent theoretical controversy in the compensating differentials literature concerns unobservable individual productivity. Competing models yield opposite predictions depending on whether the unobservable productivity is safety-related skill or productivity generally. Using five panel waves...

This paper critically discusses the theoretical and empirical literature on the quantitative andqualitative employment impact of technological change, compares the relative explanatorypower of the competing theories, and explains in detail the macro and micro evidence on theissue, with reference...

This research suggests that a Darwinian evolution of entrepreneurial spirit played asignificant role in the process of economic development and the dynamics of inequality withinand across societies. The study argues that entrepreneurial spirit evolved non-monotonicallyin the course of human...