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Workplace Safety: Estimating Workers' Marginal Willingness to Pay

Author

Listed:
  • 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.

Suggested Citation

  • Norin, Anna, 2009. "Workplace Safety: Estimating Workers' Marginal Willingness to Pay," Umeå Economic Studies 771, Umeå University, Department of Economics.
    • Handle: RePEc:hhs:umnees:0771
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    More about this item

    Keywords

    Search; Accelerated duration; Wage differentials; Sweden;
    All these keywords.

    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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