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Compensating Differences in the Canadian Labour Market

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  • Ronald Meng
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    Abstract

    The theory of compensating wage differentials originally developed by Adam Smith has only recently been assessed using labor-market data. This paper examines the relationship between job characteristics and earned income in Canada. The results indicate that workers in risky jobs do, ceteris paribus, receive financial compensation for the hazards they face on the job. This paper also includes a number of "value of life" estimates derived from a hedonic earnings function.

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    File URL: http://links.jstor.org/sici?sici=0008-4085%28198905%2922%3A2%3C413%3ACDITCL%3E2.0.CO%3B2-5
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    Bibliographic Info

    Article provided by Canadian Economics Association in its journal Canadian Journal of Economics.

    Volume (Year): 22 (1989)
    Issue (Month): 2 (May)
    Pages: 413-24

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    Handle: RePEc:cje:issued:v:22:y:1989:i:2:p:413-24

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    Cited by:
    1. Viscusi, W. Kip & Aldy, Joseph, 2006. "Labor Market Estimates of the Senior Discount for the Value of Statistical Life," Discussion Papers dp-06-12, Resources For the Future.
    2. Viscusi, W Kip & Aldy, Joseph E, 2003. " The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World," Journal of Risk and Uncertainty, Springer, vol. 27(1), pages 5-76, August.
    3. Aldy, Joseph E. & Viscusi, W. Kip, 2007. "Age Differences in the Value of Statistical Life: Revealed Preference Evidence," Discussion Papers dp-07-05, Resources For the Future.
    4. John P. Haisken-DeNew & Matthias Vorell, 2008. "Blood Money: Incentives for Violence in NHL Hockey," Ruhr Economic Papers 0047, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    5. Joseph E. Aldy & W. Kip Viscusi, 2004. "Age Variations in Workers' Value of Statistical Life," NBER Working Papers 10199, National Bureau of Economic Research, Inc.
    6. John F. Heliwell & Haifang Huang, 2005. "How's the Job? Well-Being and Social Capital in the Workplace," NBER Working Papers 11759, National Bureau of Economic Research, Inc.
    7. Meng, Ronald, 1991. "Compensating wages for long-term job hazards in Canadian industry," Economics Letters, Elsevier, vol. 36(3), pages 331-336, July.
    8. repec:reg:wpaper:282 is not listed on IDEAS

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