Compensating Wages, Value of a Statistical Life, and Inter-industry Differentials

Research output: Contribution to journalArticle

38 Citations (Scopus)

Abstract

Bureau of Labor Statistics (BLS) and National Institute for Occupational Safety and Health (NIOSH) death rates were combined with three national probability samples to investigate compensating wages for hazardous work. Compensating wages were expected in blue-collar male-only samples, but not in male and female clerk samples. The inter-industry differentials hypothesis was investigated by alternately including and excluding dummy variables for broad industry divisions. The inter-industry differentials hypothesis was supported. The BLS and NIOSH death rates cannot be relied on to produce credible estimates of the value of a statistical life.

Original languageEnglish (US)
Pages (from-to)83-97
Number of pages15
JournalJournal of Environmental Economics and Management
Volume28
Issue number1
DOIs
StatePublished - Jan 1995
Externally publishedYes

Fingerprint

wage
industry
labor
Industry
Wages
Value of a statistical life
occupational safety
statistics
occupational health
rate
Labor
Statistics
Occupational safety and health
Death rate
Dummy variables

ASJC Scopus subject areas

  • Management, Monitoring, Policy and Law
  • Economics and Econometrics

Cite this

Compensating Wages, Value of a Statistical Life, and Inter-industry Differentials. / Leigh, J Paul.

In: Journal of Environmental Economics and Management, Vol. 28, No. 1, 01.1995, p. 83-97.

Research output: Contribution to journalArticle

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