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applying panel data, a new and more accurate fatality risk measure, and systematic selection of panel estimator in our research … level and narrow range for the estimated value of a statistical life of about $5.5$7.5 million. -- VSL ; panel data ; fixed …
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We examine how openness interacts with the coordination of consumption-leisure decisions in determining the equilibrium working hours and wage rate when there are leisure externalities (e.g., due to social interactions). The latter are modelled by allowing a worker’s marginal utility of...
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Evidence from a sample of countries show that people roughly spend as much time watching television as earning their living. Moreover, television viewing and work hours are positively correlated across countries. A simple model based on complementarities in the organization of free time is...
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