Perceived risk and value of workplace safety in a developing country
We examine the relationship between wages and perceived occupational health risks for petrochemical workers in Taiwan. We estimate hedonic wage functions to compare workers' wages to their perceived risks of fatal and disabling accidents. The results indicate that workers in risky jobs receive a compensating wage differential, after controlling for education, job tenure, and occupational classification. The values of mitigating health risks are estimated using models that control for both fatal and nonfatal accident risks, and so do not suffer the omitted-variable bias characteristic of most earlier studies. The estimated values of statistical life and disabling injury are US$624 000 and US$44 000 in 1995 dollars. We also find a positive relationship between quitting intentions and perceived job risk, which supports the hypothesis that workers' risk perceptions evolve with on-the-job experience.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 2 (1999)
Issue (Month): 3 (July)
|Contact details of provider:|| Web page: http://www.tandfonline.com/RJRR20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RJRR20|
When requesting a correction, please mention this item's handle: RePEc:taf:jriskr:v:2:y:1999:i:3:p:263-275. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.