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

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    Abstract

    This paper reports the first study of compensating wage differentials for work-related fatalities in an African country. Using original data from the 2002 Tunisian Caisse nationale de la sécurité sociale, statistically significant compensating wage differentials are found. The implied value of life is $ 643800 (US $ 2000).

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    File URL: http://www.hec.ca/iea/cahiers/2012/iea1201_lanoiep.pdf
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    Paper provided by HEC Montréal, Institut d'économie appliquée in its series Cahiers de recherche with number 12-01.

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    Length: 9 pages
    Date of creation: Jan 2012
    Date of revision:
    Handle: RePEc:iea:carech:1201
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    Institut d'économie appliquée HEC Montréal 3000, Chemin de la Côte-Sainte-Catherine Montréal, Québec H3T 2A7

    Phone: (514) 340-6463
    Fax: (514) 340-6469
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    Keywords: Compensating wage differentials; Value of life;

    Other versions of this item:

    Find related papers by 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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    1. 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.
    2. Georges Dionne & Paul Lanoie, 2002. "How to Make a Public Choice About the Value of a Statistical Life: The Case of Road Safety," Cahiers de recherche 02-04, HEC Montréal, Institut d'économie appliquée.
    3. 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.
    4. repec:reg:rpubli:282 is not listed on IDEAS
    5. 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.
    6. 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.
    7. Peter Dorman & Paul Hagstrom, 1998. "Wage Compensation for Dangerous Work Revisited," ILR Review, Cornell University, ILR School, vol. 52(1), pages 116-135, October.
    8. 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.
    9. 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.
    10. 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.
    11. 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.
    12. 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.
    13. 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.
    14. 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.
    15. 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.
    16. 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.
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    Cited by:

    1. Benkhalifa, Abdelaziz, 2010. "The value of mortality risk reductions in the Tunisian building and manufacturing industries," MPRA Paper 63617, University Library of Munich, Germany.
    2. 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.

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