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The considerable literature on the value of a statistical life (VSL) documents the wage-mortality risk tradeoffs for the working population. Regulatory analyses often must monetize risks to populations at the tails of the age distribution. Because of the longer life expectancy for children,...
Persistent link: https://www.econbiz.de/10014496254
The refinement in worker fatality risk data used in hedonic wage studies and evidence from new stated preference studies have facilitated the exploration of the heterogeneity of the value of statistical life (VSL). Although the median VSL estimate for workers is $7-$8 million, the VSL varies...
Persistent link: https://www.econbiz.de/10014045915
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,...
Persistent link: https://www.econbiz.de/10004990058
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...
Persistent link: https://www.econbiz.de/10005677861
We show that Covid-19 illnesses persistently reduce labor supply. Using an event study, we estimate that workers with week-long Covid-19 work absences are 7 percentage points less likely to be in the labor force one year later compared to otherwise-similar workers who do not miss a week of work...
Persistent link: https://www.econbiz.de/10013388791
Our research estimates Covid-19 non-fatal economic losses in the U.S. using detailed data on cumulative cases and hospitalizations from January 22, 2020 to July 27, 2020, from the Centers for Disease Control and Prevention (CDC). As of July 27, 2020, the cumulative confirmed number of cases was...
Persistent link: https://www.econbiz.de/10012322431
In this special issue of the AJLE, we bring together eight papers based for the most part on the first wave of HILDA Survey. While longitudinal surveys are like good wines-growing in value (generally) with age-the richness of the HILDA wave 1 data means that we can gain significant new insights...
Persistent link: https://www.econbiz.de/10008565264
The paper reports on work values in Europe. At the country level we find that job satisfaction is related to lower working hours, higher well-being, and a higher GDP per capita. Moving to the micro level, we turn our attention from job satisfaction to analyse empirically work centrality and work...
Persistent link: https://www.econbiz.de/10010282978
The paper reports on work values in Europe. At the country level we find that job satisfaction is related to lower working hours, higher well-being, and a higher GDP per capita. Moving to the micro level, we turn our attention from job satisfaction to analyse empirically work centrality and work...
Persistent link: https://www.econbiz.de/10012168388
The paper reports on work values in Europe. At the country level we find that job satisfaction is related to lower working hours, higher well-being, and a higher GDP per capita. Moving to the micro level, we turn our attention from job satisfaction to analyse empirically work centrality and work...
Persistent link: https://www.econbiz.de/10009419750