Hintermann, Beat; Alberini, Anna; Markandya, Anil - 2006
We use a panel dataset of UK workers to look for evidence of compensating wage differentials for workplace risk. Risk … changes, and endogeneity. We find that if we assume a classical measurement error, the true risk signal would be completely … drowned out in our data, which would imply a severe downward bias of the OLS coefficient on risk. But this prediction is at …