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The Value of a Statistical Injury: New Evidence from the Swiss Labor Market

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    Abstract

    We study the monetary compensation for non-fatal accident risk in Switzerland using the number of accidents within cells defined over industry x skill-level of the job and capitalizing on the partial panel structure of our data which allows us to empirically isolate the wage component specific to the employer. Our results show that using accident risk at a lower level of aggregation, using narrower samples of workers, and using the wage component that is specific to the firm all yield higher estimates of risk compensation. Our preferred estimate gives an estimate of about 36,000 Swiss francs per prevented injury per year.

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    File URL: http://www.labornrn.at/wp/wp0915.pdf
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    Bibliographic Info

    Paper provided by The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria in its series NRN working papers with number 2009-15.

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    Length: 23 pages
    Date of creation: Sep 2009
    Date of revision:
    Handle: RePEc:jku:nrnwps:2009_15

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    Postal: NRN Labor Economics and the Welfare State, c/o Rudolf Winter-Ebmer, Altenbergerstr. 69, 4040 Linz
    Phone: +43-732-2468-8216
    Fax: +43-732-2468-8217
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    Web page: http://www.labornrn.at/
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    Keywords: Compensating wage differentials; value of a statistical injury; risk measurement;

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