The aim of the present paper is to empirically estimate the monetary value workers place on safer working conditions. The marginal willingness to pay for workplace safety is estimated using data on job durations together with data on accident risks and wages. The results indicate that...

Die Arbeit untersucht mittels IAB-Beschäftigtenstichprobe, Sozioökonomischem Panel und Informationen über tödliche Arbeitsunfälle die Existenz kompensatorischer Lohndifferentiale zur Bestimmung desWertes eines statistischen Lebens (WSL) in Deutschland. Querschnittsregressionen auf Basis...

Estimates of the extra earnings for jobs with higher risks of death can be used in cost-benefit studies involving risk changes. Because of this use, the magnitude and stability of the estimated coefficient are important. Part of the current study closely reproduces a widely quoted 1982 study by...

Farm workers incur various occupational related risks. The question is whether they are adequately compensated for facing these risks? This paper attempts to measure the wage premiums that farm workers in India receive for health risks associated with their jobs, using a primary survey data...

This study contributes to the literature by estimating discount rate for environmental health benefits and value of statistical life of workers in India. The discount rate is imputed from wage-risk trade-offs in which workers decide whether to accept a risky job with higher wages. The estimated...

This study investigates the relationship between wages and risks of work-related fatalities in the Czech labour market. To prove this relationship, we followed the theory of compensating wage differentials and the theory of hedonic prices. Using data from 2007 Czech labour survey, we...

Income taxes distort the relationship between wages and non-taxable amenities. When the marginal tax rate increases, amenities become more valuable as the compensating differential for low-amenity jobs is taxed away. While there is evidence that the provision of amenities responds to taxes, the...

This paper analyzes what can be learned about the value of a statistical life (VSL) using the hedonic wage model. The time series variation of cross sectional estimates, along with the endogeneity of risk choices and the absence of adequate instruments recommends moving to panel data analysis....

This study has been designed to obtain the statistical value of life and health in Pakistan by examining the compensating wage differentials among the blue collar workers of the manufacturing sector in Lahore. So far, no estimates based on compensated wage models or contingent valuation method...

by S. Madheswaran, SANDEE Working Paper No. 9-04Abstract: Policy makers confronted with the need to introduce health and safety regulations often wonder how to value the benefits of these regulations. One way that a monetary value could be placed on reductions in health risks, including risk of...