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Estimated hedonic wage function and value of life in an African country

  • Abdelaziz Benkhalifa

    ()

    (ESSECT-Tunisie)

  • Paul Lanoie

    ()

    (HEC-Montreal)

  • Mohamed Ayadi

    ()

    (ISG-Tunisie)

This paper reports the first study of compensating wage differentials for work-related fatalities in an African country. Using original data from the Tunisian Caisse nationale de la sécurité sociale, statistically significant compensating wage differentials are found. The implied value of statistical life is found between $553 320 and $682 080 (US $ 2000, or between $783 264 and $965 533, US $ 2013), smaller than the value estimated from developed countries. Policy makers interested to decrease occupational risk fatalities could use this outcome as a benchmark.

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Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 33 (2013)
Issue (Month): 4 ()
Pages: 3023-3031

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Handle: RePEc:ebl:ecbull:eb-13-00652
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  1. W. Kip Viscusi & Joseph E. Aldy, 2003. "The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World," NBER Working Papers 9487, National Bureau of Economic Research, Inc.
  2. Sujitra Vassanadumrongdee & Shunji Matsuoka, 2005. "Risk Perceptions and Value of a Statistical Life for Air Pollution and Traffic Accidents: Evidence from Bangkok, Thailand," Journal of Risk and Uncertainty, Springer, vol. 30(3), pages 261-287, May.
  3. S. Madheswaran, 2007. "Measuring the value of statistical life: estimating compensating wage differentials among workers in India," Social Indicators Research, Springer, vol. 84(1), pages 83-96, October.
  4. Sandy, Robert & R. F. Elliot & W. S. Siebert & X. D. Wei, 2001. " Measurement Error and the Effects of Unions on the Compensating Differentials for Fatal Workplace Risks," Journal of Risk and Uncertainty, Springer, vol. 23(1), pages 33-56, July.
  5. G. Dionne & P. Lanoie, 2002. "How to Make a Public Choice about the Value of a Statistical Life : The Case of Road Safety," THEMA Working Papers 2002-14, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
  6. repec:reg:rpubli:282 is not listed on IDEAS
  7. François Bellavance & Georges Dionne & Martin Lebeau, 2006. "The Value of a Statistical Life: a Meta-Analysis with a Mixed Effects Regression Model," Cahiers de recherche 0646, CIRPEE.
  8. Siebert, W Stanley & Wei, X, 1994. "Compensating Wage Differentials for Workplace Accidents: Evidence for Union and Nonunion Workers in the UK," Journal of Risk and Uncertainty, Springer, vol. 9(1), pages 61-76, July.
  9. Cousineau, Jean-Michel & Lacroix, Robert & Girard, Anne-Marie, 1992. "Occupational Hazard and Wage Compensating Differentials," The Review of Economics and Statistics, MIT Press, vol. 74(1), pages 166-69, February.
  10. Peter Dorman & Paul Hagstrom, 1998. "Wage compensation for dangerous work revisited," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 52(1), pages 116-135, October.
  11. Andrea Baranzini & Giovanni Ferro Luzzi, 2001. "The Economic Value of Risks to Life: Evidence from the Swiss Labour Market," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 137(II), pages 149-170, June.
  12. Xiaoqi Guo & James Hammitt, 2009. "Compensating Wage Differentials with Unemployment: Evidence from China," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 42(2), pages 187-209, February.
  13. Viscusi, W Kip, 1993. "The Value of Risks to Life and Health," Journal of Economic Literature, American Economic Association, vol. 31(4), pages 1912-46, December.
  14. Marin, Alan & Psacharopoulos, George, 1982. "The Reward for Risk in the Labor Market: Evidence from the United Kingdom and a Reconciliation with Other Studies," Journal of Political Economy, University of Chicago Press, vol. 90(4), pages 827-53, August.
  15. Garen, John, 1988. "Compensating Wage Differentials and the Endogeneity of Job Riskiness," The Review of Economics and Statistics, MIT Press, vol. 70(1), pages 9-16, February.
  16. Liu, Jin-Tan & Hammitt, James K. & Liu, Jin-Long, 1997. "Estimated hedonic wage function and value of life in a developing country," Economics Letters, Elsevier, vol. 57(3), pages 353-358, December.
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