heterogeneity leading to a set of wages. We focus on the application where hedonic models have been most successful at clarifying … policy relevant outcomes and policy effects, that of the wage premia for fatal injury risk. Estimates of the overall hedonic … dimensions of heterogeneity in VSL, including by age and consumption plans, the latent trait that affects wages and job safety …

disamenities receive higher wages. On the other hand, workers in more risky or unpleasant jobs are less satisfied with their jobs …, according to the theory of compensating differentials, there should be no relationship between on-the-job risk and job … satisfaction because wages would fully adjust to compensate for differences in job characteristics. We show that when wages do not …

compensating wage differential for job safety risk revealed in the labor market via hedonic equilibrium outcomes. The decisions in …

in levels of fatal risk. The paper contrasts VSL estimates from conventional analysis with the bounds obtained under this …