for risk than do nonsmokers. This finding is inconsistent with conventional models of compensating differentials. The … authors develop a model in which worker risk preferences and job safety performance lead to smokers facing a flatter market … for their job's objective risk and are paid less for these risks of injury. Smokers and nonsmokers, in effect, are …

such as individual age, income, immigrant status, and the nature of the risk exposure. This paper examines the empirical … the risk of death from terrorist attacks are of particular concern and may merit a substantial premium in benefit …

People seriously misjudge accident risks because they routinely neglect relevant information about exposure. Such risk … indicates that people incorporate information on the number of accidents, which is the numerator of the risk frequency … calculation. However, they appear blind to information on exposure, such as the scale of a firm's operations, which is the risk …

focus is on the practices that U.S. regulatory agencies use for assessing cancer risk, although we also provide a brief … emphasis on ex ante measurements of individuals' willingness to pay for risk reductions. We present the underlying theory, the … risk reductions. Once we have established the economic framework of efficient regulatory policies, we then provide an …

with high stated values of statistical life, who do not smoke, and who have risk beliefs that are highly elastic with …

by efficiency concerns, biases in risk perceptions, and political factors. Target risk levels chosen by regulators are … largely a function of political variables and risk perception biases. Regulators exhibit biases consistent with anchoring and …

is implemented. While policy discussion to date has focused on equitable outcomes, we propose framing risk equity … policies in terms of equitable risk tradeoff rates based on six policy guidelines. The starting point for ex ante evaluation of … equity for mortality risk policies should be the symmetric application of the value of a statistical life (VSL) to all groups …