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Workplace Safety: Estimating Workers' Marginal Willingness to Pay

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Author Info
Norin, Anna () (Department of Economics, Umeå University)
Abstract

The 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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File URL: http://www.econ.umu.se/ues/ues771.pdf
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Publisher Info
Paper provided by Umeå University, Department of Economics in its series Umeå Economic Studies with number 771.

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Length: 28 pages
Date of creation: 11 May 2009
Date of revision:
Handle: RePEc:hhs:umnees:0771

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
Email:
Web page: http://www.econ.umu.se/
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Related research
Keywords: 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

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This page was last updated on 2009-12-4.

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