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Measuring the value of statistical life: estimating compensating wage differentials among workers in India

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  • S. Madheswaran

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  • S. Madheswaran, 2007. "Measuring the value of statistical life: estimating compensating wage differentials among workers in India," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 84(1), pages 83-96, October.
    • Handle: RePEc:spr:soinre:v:84:y:2007:i:1:p:83-96
    DOI: 10.1007/s11205-006-9076-0
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    8. Viscusi, W Kip & Aldy, Joseph E, 2003. "The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World," Journal of Risk and Uncertainty, Springer, vol. 27(1), pages 5-76, August.
    9. Brown, Charles & Medoff, James, 1989. "The Employer Size-Wage Effect," Journal of Political Economy, University of Chicago Press, vol. 97(5), pages 1027-1059, October.
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    17. Alberini, Anna & Cropper, Maureen & Fu, Tsu-Tan & Krupnick, Alan & Liu, Jin-Tan & Shaw, Daigee & Harrington, Winston, 1997. "Valuing Health Effects of Air Pollution in Developing Countries: The Case of Taiwan," Journal of Environmental Economics and Management, Elsevier, vol. 34(2), pages 107-126, October.
    18. Idson, Todd L & Feaster, Daniel J, 1990. "A Selectivity Model of Employer-Size Wage Differentials," Journal of Labor Economics, University of Chicago Press, vol. 8(1), pages 99-122, January.
    19. 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.
    20. Dillingham, Alan E, 1985. "The Influence of Risk Variable Definition on Value-of-Life Estimates," Economic Inquiry, Western Economic Association International, vol. 23(2), pages 277-294, April.
    21. Simon, Nathalie B. & Cropper, Maureen L. & Alberini, Anna & Arora, Seema, 1999. "Valuing mortality reductions in India : a study of compensating wage differentials," Policy Research Working Paper Series 2078, The World Bank.
    22. Pradeep Kumar & Mary Lou Coates, 1982. "Occupational Earnings, Compensating Differentials, and Human Capital: An Empirical Study," Canadian Journal of Economics, Canadian Economics Association, vol. 15(3), pages 442-457, August.
    23. 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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    Cited by:

    1. Chakravarty, Shoibal & Somanathan, E., 2021. "There is no economic case for new coal plants in India," World Development Perspectives, Elsevier, vol. 24(C).
    2. Molyneaux, Lynette & Wagner, Liam & Foster, John, 2016. "Rural electrification in India: Galilee Basin coal versus decentralised renewable energy micro grids," Renewable Energy, Elsevier, vol. 89(C), pages 422-436.
    3. Sugathan, Anish & Bhangale, Ritesh & Kansal, Vishal & Hulke, Unmil, 2018. "How can Indian power plants cost-effectively meet the new sulfur emission standards? Policy evaluation using marginal abatement cost-curves," Energy Policy, Elsevier, vol. 121(C), pages 124-137.
    4. Agamoni Majumder & S. Madheswaran, 2020. "Compensation for Occupational Risk and Valuation of Statistical Life," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 149(3), pages 967-989, June.
    5. Satinder Singh & J. K. Parida & I. C. Awasthi, 0. "Employability and Earning Differentials Among Technically and Vocationally Trained Youth in India," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 0, pages 1-24.
    6. Charles N. Mock & Rachel Nugent & Olive Kobusingye & Kirk R. Smith, 2017. "Disease Control Priorities, Third Edition," World Bank Publications - Books, The World Bank Group, number 28576, December.
    7. Devi, P. Indira & Shanmugam, K.R. & Jayasree, M.G., 2012. "Compensating Wages for Occupational Risks of Farm Workers in India," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 67(2), pages 1-12.
    8. Natina Yaduma & Mika Kortelainen & Ada Wossink, 2013. "Estimating Mortality and Economic Costs of Particulate Air Pollution in Developing Countries: The Case of Nigeria," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(3), pages 361-387, March.
    9. Shutian Zhou & Guofang Zhai & Yijun Shi & Yuwen Lu, 2020. "Urban Seismic Risk Assessment by Integrating Direct Economic Loss and Loss of Statistical Life: An Empirical Study in Xiamen, China," IJERPH, MDPI, vol. 17(21), pages 1-21, November.
    10. Mani, Muthukumara & Markandya, Anil & Sagar, Aarsi & Strukova, Elena, 2012. "An analysis of physical and monetary losses of environmental health and natural resources in India," Policy Research Working Paper Series 6219, The World Bank.
    11. Satinder Singh & J. K. Parida & I. C. Awasthi, 2020. "Employability and Earning Differentials Among Technically and Vocationally Trained Youth in India," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 63(2), pages 363-386, June.
    12. Chugh, Randy & Cropper, Maureen, 2017. "The welfare effects of fuel conservation policies in a dual-fuel car market: Evidence from India," Journal of Environmental Economics and Management, Elsevier, vol. 86(C), pages 244-261.
    13. Abdelaziz Benkhalifa & Paul Lanoie & Mohamed Ayadi, 2013. "Estimated hedonic wage function and value of life in an African country," Economics Bulletin, AccessEcon, vol. 33(4), pages 3023-3031.
    14. Chugh, Randy & Cropper, Maureen, 2014. "The Welfare Effects of Fuel Conservation Policies in the Indian Car Market," RFF Working Paper Series dp-14-33, Resources for the Future.
    15. Mani, Muthukumara & Markandya, Anil & Sagar, Aarsi & Sahin, Sebnem, 2012. "India’s economic growth and environmental sustainability : what are the tradeoffs ?," Policy Research Working Paper Series 6208, The World Bank.
    16. Cropper, Maureen & Gamkhar, Shama & Malik, Kabir & Limonov, Alex & Partridge, Ian, 2012. "The Health Effects of Coal Electricity Generation in India," RFF Working Paper Series dp-12-25, Resources for the Future.
    17. Benkhalifa, Abdelaziz, 2010. "The value of mortality risk reductions in the Tunisian building and manufacturing industries," MPRA Paper 63617, University Library of Munich, Germany.
    18. B. Kelsey Jack & Seema Jayachandran & Namrata Kala & Rohini Pande, 2022. "Money (Not) to Burn: Payments for Ecosystem Services to Reduce Crop Residue Burning," NBER Working Papers 30690, National Bureau of Economic Research, Inc.
    19. Zac Reynolds & Daehoon Nahm & Craig MacMillan, 2022. "Compensating Wage Differentials for Job Fatality and Injury Risk in Australia," The Economic Record, The Economic Society of Australia, vol. 98(321), pages 152-165, June.
    20. Weber, Shlomo & Castaneda Dower, Paul & Markevich, Andrei, 2018. "The Value of a Statistical Life in a Dictatorship: Evidence from Stalin," CEPR Discussion Papers 12814, C.E.P.R. Discussion Papers.
    21. Benkhalifa, Abdelaziz, 2014. "Rôle du syndicat dans la détermination de la valeur de la vie statistique en Tunisie [Trade union role in determining the value of a statistical life in Tunisia]," MPRA Paper 63736, University Library of Munich, Germany.
    22. Garg, Amit & Mishra, Vimal & Dholakia, Hem H., 2015. "Climate Change and India: Adaptation GAP (2015)," IIMA Working Papers WP2015-11-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    23. Castañeda Dower, Paul & Markevich, Andrei & Weber, Shlomo, 2021. "The value of a statistical life in a dictatorship: Evidence from Stalin," European Economic Review, Elsevier, vol. 133(C).
    24. Olexiy Kyrychenko, 2021. "The Impact of the Crisis-inducted Reduction in Air Pollution on Infant Mortality in India: A Policy Perspective," CERGE-EI Working Papers wp702, The Center for Economic Research and Graduate Education - Economics Institute, Prague.

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    More about this item

    Keywords

    Compensating wage differentials; Hedonic price; Valuations of life/injury; J17; J28; J31;
    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

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