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Markets and Mortality

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  • Dorman,Peter

Abstract

In this book the author examines and ultimately rejects the conventional economic view that workers who have more dangerous jobs accept their risks voluntarily and are compensated through higher wages. In doing so, he attacks widely used techniques for assigning a monetary value to human life for cost-benefit analysis and other purposes. Arguments are drawn from the history of occupational safety and health, econometric analysis of wage and risk data, and formal models of the labour market. In place of the conventional view, Peter Dorman proposes a view based on new work in decision theory (thick rationality) and the theory of repeated games. These insights are combined with comparative policy analysis to support an approach to risk that promotes both regulatory effectiveness and democratic values. Despite its technical content, the book is written in highly accessible style, and is concerned with matters of general interest in the development of critical social science.

Suggested Citation

  • Dorman,Peter, 1996. "Markets and Mortality," Cambridge Books, Cambridge University Press, number 9780521553063.
    • Handle: RePEc:cup:cbooks:9780521553063
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    Cited by:

    1. James Boyce & Manuel Pastor, 2012. "Cooling the Planet, Clearing the Air: Climate Policy, Carbon Pricing, and Co-Benefits," Published Studies cooling_the_planet_sept20, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. Elaine McCrate, 2005. "Flexible Hours, Workplace Authority, And Compensating Wage Differentials In The Us," Feminist Economics, Taylor & Francis Journals, vol. 11(1), pages 11-39.
    3. David J Ball & Laurence Golob, 1999. "Diverse conceptions of risk prioritization," Journal of Risk Research, Taylor & Francis Journals, vol. 2(3), pages 243-261, July.
    4. Hans Gersbach & Amihai Glazer, 2009. "High Compensation Creates a Ratchet Effect," Economic Journal, Royal Economic Society, vol. 119(539), pages 1208-1224, July.
    5. Jason Bram & James A. Orr & Carol Rapaport, 2002. "Measuring the effects of the September 11 attack on New York City," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(Nov), pages 5-20.
    6. Alejandro Donado, 2015. "Why Do Unionized Workers Have More Nonfatal Occupational Injuries?," ILR Review, Cornell University, ILR School, vol. 68(1), pages 153-183, January.
    7. Sunstein, Cass R., 2013. "The value of a statistical life: some clarifications and puzzles," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(2), pages 237-261, August.
    8. James Boyce & Manuel Pastor, 2013. "Clearing the air: incorporating air quality and environmental justice into climate policy," Climatic Change, Springer, vol. 120(4), pages 801-814, October.
    9. repec:ilo:ilowps:374097 is not listed on IDEAS
    10. Jay Squalli, 2005. "Optimal fares under uncertainty about airline safety," Applied Economics Letters, Taylor & Francis Journals, vol. 12(4), pages 223-226.
    11. Dorman,Peter, 2022. "Alligators in the Arctic and How to Avoid Them," Cambridge Books, Cambridge University Press, number 9781316516270.
    12. Nikolaos Georgantzis & Efi Vasileiou, 2014. "Are Dangerous Jobs Paid Better? European Evidence," Research in Labor Economics, in: New Analyses of Worker Well-Being, volume 38, pages 163-192, Emerald Group Publishing Limited.
    13. Adriana Barone & Concetto Paolo Vinci, 2001. "The Working Environment And Social Increasing Returns," Working Papers 3_2001, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    14. Dew, Kevin & Keefe, Vera & Small, Keitha, 2005. "'Choosing' to work when sick: workplace presenteeism," Social Science & Medicine, Elsevier, vol. 60(10), pages 2273-2282, May.
    15. Peter Dorman & Paul Hagstrom, 1998. "Wage Compensation for Dangerous Work Revisited," ILR Review, Cornell University, ILR School, vol. 52(1), pages 116-135, October.
    16. Matthew Cole & Robert Elliott & Joanne Lindley, 2009. "Dirty money: Is there a wage premium for working in a pollution intensive industry?," Journal of Risk and Uncertainty, Springer, vol. 39(2), pages 161-180, October.
    17. Xiaoqi Guo & James Hammitt, 2009. "Compensating Wage Differentials with Unemployment: Evidence from China," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 42(2), pages 187-209, February.
    18. Kassouf, Ana Lúcia. & Dorman, Peter., 2005. "Costs and benefits of eliminating child labour in Brazil," ILO Working Papers 993740973402676, International Labour Organization.
    19. Kuchler, Fred & Golan, Elise H., 1999. "Assigning Values To Life: Comparing Methods For Valuing Health Risks," Agricultural Economic Reports 34037, United States Department of Agriculture, Economic Research Service.

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