We study the monetary compensation for non-fatal accident risk in Switzerland using the number of accidents within cells defined over industry x skill-level of the job and capitalizing on the partial panel structure of our data which allows us to empirically isolate the wage component specific...

We use a panel dataset of UK workers to look for evidence of compensating wage differentials for workplace risk. Risk data are available at the four-digit industry level or at the three-digit occupation level. We discuss various econometric problems associated with the hedonic wage approach,...

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....

Los intentos de cuantificación del valor estadístico de la vida (VEV) a través de los intercambios entre riesgo y salario se han desarrollado mayoritariamente a partir del Modelo de Salarios Hedónicos. Bajo este esquema conceptual, el presente trabajo realiza una estimación del VEV a partir...

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...

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...

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....