Estimated hedonic wage function and value of life in an African country
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.
Volume (Year): 33 (2013)
Issue (Month): 4 ()
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