Showing 1 - 10 of 24
Persistent link: https://www.econbiz.de/10003305706
We examine differences in the value of statistical life (VSL) across potential wage levels in panel data using quantile regressions with intercept heterogeneity. Latent heterogeneity is econometrically important and affects the estimated VSL. Our findings indicate that a reasonable average cost...
Persistent link: https://www.econbiz.de/10003905615
Persistent link: https://www.econbiz.de/10003968998
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
Persistent link: https://www.econbiz.de/10010431572
Persistent link: https://www.econbiz.de/10009565398
Our research clarifies the conceptual linkages among willingness to pay for additional safety, willingness to accept less safety, and the value of statistical life (VSL). We present econometric estimates that in the important case of workers' decisions concerning exposure to fatal injury risk...
Persistent link: https://www.econbiz.de/10009613688
Persistent link: https://www.econbiz.de/10003175719
Persistent link: https://www.econbiz.de/10001928615
Persistent link: https://www.econbiz.de/10001945934