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...

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...

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...

We make two main contributions to the literature on work-related injury risk and economic outcomes in the context of American professional football. One is to examine an increasingly important specific injury, concussions, and compare its subsequent economic effects to those of other types of...

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...

Similar to other workers in industrial settings NFL running backs can choose to provide additional work effort with possible negative health consequences. We find that the most informative measure for running backs is yards gained after contact, which not only increases total rushing yards but...

Similar to other workers in industrial settings NFL running backs can choose to provide additional work effort with possible negative health consequences. We find that the most informative measure for running backs is yards gained after contact, which not only increases total rushing yards but...

We estimate a semiparametric dynamic panel data model by the local linear kernel method and we interpret the slope of the nonparametric component function as a varying slope coefficient. Thus, the slope coefficient is a smooth, but otherwise unknown, function of some of the regressors. A Monte...

We make two main contributions to the literature on work-related injury risk and economic outcomes in the context of American professional football. One is to examine an increasingly important specific injury, concussions, and compare its subsequent economic effects to those of other types of...

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...