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Workplace Safety: Estimating Workers' Marginal Willingness to Pay

Listed author(s):
  • Norin, Anna


    (Department of Economics, Umeå University)

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    The aim of the present paper is to empirically estimate the monetary value workers place on safer working conditions. The marginal willingness to pay for workplace safety is estimated using data on job durations together with data on accident risks and wages. The results indicate that individuals value safety to 0.65-4.1 percent of annual wages. Male workers in service occupations are found to have the highest marginal willingness to pay. Female blue-collar workers are found to value workplace safety higher than male blue-collar workers.

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    Paper provided by Umeå University, Department of Economics in its series Umeå Economic Studies with number 771.

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    Length: 28 pages
    Date of creation: 11 May 2009
    Handle: RePEc:hhs:umnees:0771
    Contact details of provider: Postal:
    Department of Economics, Umeå University, S-901 87 Umeå, Sweden

    Phone: 090 - 786 61 42
    Fax: 090 - 77 23 02
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