usually identifies compensating wage differentials for risk by regressing individual wages on aggregate measures of risk …Adam Smith's idea that wage differences reveal preferences for risk rests on firm theoretical foundations. This paper …, usually industry or occupation average risk. If jobs differ within industries or occupations, the "aggregate approach" may …

The worker fatality risk variable constructed for this paper uses BLS data on total worker deaths by both occupation … clustering of the job risk variable and compensating differentials for both workers' compensation and nonfatal job risks …

for risk than do nonsmokers. This finding is inconsistent with conventional models of compensating differentials. The … authors develop a model in which worker risk preferences and job safety performance lead to smokers facing a flatter market … for their job's objective risk and are paid less for these risks of injury. Smokers and nonsmokers, in effect, are …

users, auditors, regulators and end-customers. Moreover, according to the proposed regulations, high-risk AI systems must … comply with a set of mandatory requirements.To fill the current gaps, we propose the first AI Risk Indicators (KAIRI …