Workplace Safety: Estimating Workers' Marginal Willingness to Pay
AbstractThe aim of the present paper is to empirically estimate the monetary value workers place on safer working conditions. The marginal willingness to pay for workplace safety is estimated using data on job durations together with data on accident risks and wages. The results indicate that individuals value safety to 0.65-4.1 percent of annual wages. Male workers in service occupations are found to have the highest marginal willingness to pay. Female blue-collar workers are found to value workplace safety higher than male blue-collar workers.
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Bibliographic InfoPaper provided by Umeå University, Department of Economics in its series Umeå Economic Studies with number 771.
Length: 28 pages
Date of creation: 11 May 2009
Date of revision:
Contact details of provider:
Postal: Department of Economics, Umeå University, S-901 87 Umeå, Sweden
Phone: 090 - 786 61 42
Fax: 090 - 77 23 02
Web page: http://www.econ.umu.se/
More information through EDIRC
Search; Accelerated duration; Wage differentials; Sweden;
Find related papers by JEL classification:
- J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income
- J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-05-23 (All new papers)
- NEP-HEA-2009-05-23 (Health Economics)
- NEP-LAB-2009-05-23 (Labour Economics)
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