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The Marginal Value of Job Safety: A Contingent Valuation Study

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Author Info
 Gerking, Shelby
de Haan, Menno
Schulze, William
Abstract

This article estimates the marginal value of safety based on contingent values obtained in a labor-market-oriented national random-sample mail survey. Thus, worker preferences for safety are assessed directly, in contrast to the hedonic price method that has been used almost exclusively in related studies. Key aspects of this article are that (1) contingent values are obtained for small changes in risks of job-related fatal accidents perceived by respondents, and (2) relationships are analyzed between respondents' marginal safety values and their income, socioeconomic/demographic characteristics, union membership status, and initial levels of risk faced. Copyright 1988 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Journal of Risk and Uncertainty.

Volume (Year): 1 (1988)
Issue (Month): 2 (June)
Pages: 185-99
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Handle: RePEc:kap:jrisku:v:1:y:1988:i:2:p:185-99

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  1. Bernie J. O'Brien & Kirsten Gertsen & Andrew R. Willan & A. Faulkner, 2002. "Is there a kink in consumers' threshold value for cost-effectiveness in health care?," Health Economics, John Wiley & Sons, Ltd., vol. 11(2), pages 175-180. [Downloadable!]
  2. Georges Dionne & Paul Lanoie, 2002. "How to Make a Public Choice About the Value of a Statistical Life: The Case of Road Safety," Cahiers de recherche 02-04, HEC Montréal, Institut d'économie appliquée. [Downloadable!]
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  3. Olivier Armantier, 2006. "Estimates of Own Lethal Risks and Anchoring Effects," CIRANO Working Papers 2006s-14, CIRANO. [Downloadable!]
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  4. Krupnick, Alan & Cropper, Maureen & Alberini, Anna & Heintzelman, Martin & Simon, Nathalie & O'Brien, Bernie & Goeree, Ron, 2000. "Age, Health, and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey of Ontario Residents," Discussion Papers dp-00-37, Resources For the Future. [Downloadable!]
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  5. Strand, Jon, 2009. "Public- and private-good values of statistical lives Results from a combined choice-experiment and contingent-valuation survey," HERO On line Working Paper Series 2002:2, Oslo University, Health Economics Research Programme. [Downloadable!]
  6. Jonathan Karnon & Aki Tsuchiya & Paul Dolan, 2005. "Developing a relativities approach to valuing the prevention of non-fatal work-related accidents and ill health," Health Economics, John Wiley & Sons, Ltd., vol. 14(11), pages 1103-1115. [Downloadable!]
  7. James K. Hammitt & María Eugenia Ibarrarán, 2006. "The economic value of fatal and non-fatal occupational risks in Mexico City using actuarial- and perceived-risk estimates," Health Economics, John Wiley & Sons, Ltd., vol. 15(12), pages 1329-1335. [Downloadable!]
  8. K. Shanmugam, 2000. "Valuations of Life and Injury Risks," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 16(4), pages 379-389, August. [Downloadable!] (restricted)
  9. Jorge Eduardo Martínez Pérez & José María Abellán Perpiñán & José Luis Pinto Prades, 2007. "El Valor Monetario de la Vida Estadística en España a través de las Preferencias Declaradas," Hacienda Pública Española, IEF, vol. 183(4), pages 125-144, december. [Downloadable!]
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  10. S. Madheswaran, 2008. "Measuring the Value of Life and Limb: Estimating Compensating Wage Differentials Among Workers in Chennai and Mumbai," Working Papers id:1708, esocialsciences.com. [Downloadable!]
  11. Anna Alberini, 2004. "Robustness of VSL Values from Contingent Valuation Surveys," Working Papers 2004.135, Fondazione Eni Enrico Mattei. [Downloadable!]
  12. Olivier Armantier & Nicolas Treich, 2006. "Overbidding in Independant Private-Values Auctions and Misperception of Probabilities," CIRANO Working Papers 2006s-15, CIRANO. [Downloadable!]
  13. Strand.J., 2001. "Public- and private-good values of statistical lives : results from a combined choice-experiment and contingent-valuation survey," Memorandum 31/2001, Oslo University, Department of Economics. [Downloadable!]
  14. James Hammitt & Jin-Tan Liu, 2004. "Effects of Disease Type and Latency on the Value of Mortality Risk," Journal of Risk and Uncertainty, Springer, vol. 28(1), pages 73-95, January. [Downloadable!] (restricted)
  15. Alberini, Anna & Krupnick, Alan & Cropper, Maureen & Simon, Nathalie & Cook, Joseph, 2002. "The Willingness to Pay for Mortality Risk Reductions: A Comparison of the United States and Canada," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  16. Jin-Tan Liu & James K. Hammitt & Jung-Der Wang & Jin-Long Liu, 2000. "Mother's willingness to pay for her own and her child's health: a contingent valuation study in Taiwan," Health Economics, John Wiley & Sons, Ltd., vol. 9(4), pages 319-326.
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