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Are dangerous jobs paid better? European evidence

  • Nikolaos Georgantzis

    ()

    (GLOBE & Economics Department, University of Granada, Spain
    LEE & Economics Department, Universitat Jaume I, Castellón-Spain)

  • Efi Vasileiou

    ()

    (University of Panthéon-Assas (Paris-2), France
    LEE, Universitat Jaume I, Castellón-Spain)

This article tests whether workers are indifferent between risky and safe jobs provided that, in labour market equilibrium, wages should serve as a utility equalizing device. Workers’ preferences are elicited through a partial measure of overall job satisfaction: satisfaction with job-related risk. Given that selectivity turns out to be important, we use selectivity corrected models. Results show that wage differentials do not exclusively compensate workers for being in dangerous jobs. However, as job characteristics are substitutable in workers’ utility, they could feel satisfied, even if they were not fully compensated financially for working in dangerous jobs.

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Paper provided by Economics Department, Universitat Jaume I, Castellón (Spain) in its series Working Papers with number 2012/18.

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Length: 46 pages
Date of creation: 2012
Date of revision:
Handle: RePEc:jau:wpaper:2012/18
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