The refinement in worker fatality risk data used in hedonic wage studies and evidence from new stated preference … elasticity of VSL are 1.0 or above, which are consistent with theoretical models linking VSL to the coefficient of relative risk … aversion. The specific relationship between VSL and risk aversion is, however, more complex than previously understood. Age …

We examine the incidence, form, and research consequences of measurement error in measure of fatal injury risk in U ….S. workplaces using both BLS and NIOSH data. We find evidence of substantial measurement errors in the fatality risk researchers … attach to individual workers when estimating the implicit price of risk and the value of a statistical life. We first examine …