Some Problems With Value Of Life Estimates Based On Labor Market Data

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Some Problems with Value of Life Estimates Based on Labor Market Data

Author : J. Paul Leigh
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Some Problems with Value of Life Estimates Based on Labor Market Data by : J. Paul Leigh

Download or read book Some Problems with Value of Life Estimates Based on Labor Market Data written by J. Paul Leigh and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most studies of compensating wages for dangerous work don't account for inter-industry differentials hypothesis that transportation, construction, mining, and manufacturing pay high wages and services. Trades pay low wages and this pay structure is the result of historical, institutional forces. We review studies that do account for inter-industry hypothesis. The most compelling evidence is from samples involving clerks. Theoretically, clerks shouldn't receive compensating wages just because blue-collar workers in same industries are exposed to risks. Yet correlations between clerks' wages and blue-collar risks are positive. This is evidence for inter-industry differentials hypothesis, not compensating wage hypothesis. We argue that compensating wages do not exist for great majority of workers because so little accurate information is available on risks. Majority of value of life estimates are derived from labor market studies. If these studies haven't estimated compensating wage, there is no labor market basis on which to estimate value of life.

Fatal Tradeoffs

Author : W. Kip Viscusi
Publisher : Oxford University Press, USA
ISBN 13 : 0195102932
Total Pages : 321 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Fatal Tradeoffs by : W. Kip Viscusi

Download or read book Fatal Tradeoffs written by W. Kip Viscusi and published by Oxford University Press, USA. This book was released on 1992 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining issues related to the social regulation of risk, this volume contains essays on the value of life, empirical estimates of the value of life, the rationality of individual responses to risk, the effect of government risk regulation efforts, and the role of the courts and insurance.

Household Production and Consumption

Author : Nestor E. Terleckyj
Publisher :
ISBN 13 :
Total Pages : 696 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Household Production and Consumption by : Nestor E. Terleckyj

Download or read book Household Production and Consumption written by Nestor E. Terleckyj and published by . This book was released on 1975 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on the Value of Statistical Life

Author : Ikuho Kochi
Publisher :
ISBN 13 : 9781109958126
Total Pages : 177 pages
Book Rating : 4.9/5 (581 download)

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Book Synopsis Essays on the Value of Statistical Life by : Ikuho Kochi

Download or read book Essays on the Value of Statistical Life written by Ikuho Kochi and published by . This book was released on 2007 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation addresses two important issues in the literature estimating the Value of a Statistical Life. The first issue is the potential endogeneity bias in cross-section hedonic wage models. The second issue is the transferability of the VSL between different policy contexts.

Markets and Mortality

Author : Peter Dorman
Publisher : Cambridge University Press
ISBN 13 : 0521553067
Total Pages : 290 pages
Book Rating : 4.5/5 (215 download)

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Book Synopsis Markets and Mortality by : Peter Dorman

Download or read book Markets and Mortality written by Peter Dorman and published by Cambridge University Press. This book was released on 1996-02-23 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book the author examines and ultimately rejects the conventional economic view that workers who have more dangerous jobs accept their risks voluntarily and are compensated through higher wages. In doing so, he attacks widely used techniques for assigning a monetary value to human life for cost-benefit analysis and other purposes. Arguments are drawn from the history of occupational safety and health, econometric analysis of wage and risk data, and formal models of the labour market. In place of the conventional view, Peter Dorman proposes a view based on new work in decision theory (thick rationality) and the theory of repeated games. These insights are combined with comparative policy analysis to support an approach to risk that promotes both regulatory effectiveness and democratic values. Despite its technical content, the book is written in highly accessible style, and is concerned with matters of general interest in the development of critical social science.

Workplace Injuries and Diseases

Author : Karen Roberts
Publisher : W.E. Upjohn Institute
ISBN 13 : 0880993243
Total Pages : 318 pages
Book Rating : 4.8/5 (89 download)

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Book Synopsis Workplace Injuries and Diseases by : Karen Roberts

Download or read book Workplace Injuries and Diseases written by Karen Roberts and published by W.E. Upjohn Institute. This book was released on 2005 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters in this volume were originally presented at a conference to honor Terry Thomason,held at the University of Rhode Island in March, 2004. It is about workplace safety and health and issues related to prevention and compensation for occupational injuries and illnesses, a topicto which Terry devoted much of his research life. The volume is intended to serve as a detailedintroduction to the workers' compensation novice but also provide insights to those more familiarwith the area.

Costs of Occupational Injuries and Illnesses

Author : J. Paul Leigh
Publisher : University of Michigan Press
ISBN 13 : 9780472110810
Total Pages : 332 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Costs of Occupational Injuries and Illnesses by : J. Paul Leigh

Download or read book Costs of Occupational Injuries and Illnesses written by J. Paul Leigh and published by University of Michigan Press. This book was released on 2000 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the debate over health care reform continues, costs have become a critical measure in the many plans and proposals to come before us. Knowing costs is important because it allows comparisons across such disparate health conditions as AIDS, Alzheimer's disease, heart disease, and cancer. This book presents the results of a major study estimating the large and largely overlooked costs of occupational injury and illness--costs as large as those for cancer and over four times the costs of AIDS. The incidence and mortality of occupational injury and illness were assessed by reviewing data from national surveys and applied an attributable-risk-proportion method. Costs were assessed using the human capital method that decomposes costs into direct categories such as medical costs and insurance administration expenses, as well as indirect categories such as lost earnings and lost fringe benefits. The total is estimated to be $155 billion and is likely to be low as it does not include costs associated with pain and suffering or of home care provided by family members. Invaluable as an aid in the analysis of policy issues, Costs of Occupational Injuryand Illness will serve as a resource and reference for economists, policy analysts, public health researchers, insurance administrators, labor unions and labor lawyers, benefits managers, and environmental scientists, among others. J. Paul Leigh is Professor in the School of Medicine, Department of Epidemiology and Preventive Medicine, University of California, Davis. Stephen Markowitz, M.D., is Professor in the Department of Community Health and Social Medicine, City University of New York Medical School. Marianne Fahs is Director of the Health Policy Research Center, Milano Graduate School of Management and Urban Policy, New School University. Philip Landrigan, M.D., is Wise Professor and Chair of the Department of Community Medicine, Mount Sinai Medical Center, New York.

Trade-Offs

Author : Harold Winter
Publisher : University of Chicago Press
ISBN 13 : 0226924505
Total Pages : 193 pages
Book Rating : 4.2/5 (269 download)

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Book Synopsis Trade-Offs by : Harold Winter

Download or read book Trade-Offs written by Harold Winter and published by University of Chicago Press. This book was released on 2013-02-25 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: How economists analyze real-world issues from overeating to organ transplants: “A wonderful introduction to economics for the layperson.” —Choice When economists wrestle with issues such as unemployment, inflation, or budget deficits, they do so by incorporating an impersonal, detached mode of reasoning. But economists also analyze issues that, to others, typically do not fall within the realm of economic reasoning, such as organ transplants, cigarette addiction, overeating, and product safety. Trade-Offs is an introduction to the economic approach to analyzing these controversial public policy issues. Harold Winter provides readers with the analytical tools needed to identify and understand the trade-offs associated with these topics. By considering both the costs and benefits of potential policy solutions, Winter stresses that real-world decision making is best served by an explicit recognition of as many trade-offs as possible. This new edition incorporates recent developments in policy debates, including the rise of “new paternalism,” or policies designed to protect people from themselves; alternative ways to increase the supply of organs available for transplant; and economic approaches to controlling infectious disease. Intellectually stimulating yet accessible and entertaining, Trade-Offs will be appreciated by students of economics, public policy, health administration, political science, and law—as well as by anyone who follows current social policy debates. “This precious little book will become widespread reading in basic courses on economics, but every sensible person interested in societal matters and not familiar with law and economics issues should also read it.” —History of Economic Ideas

Compensation Mechanisms for Job Risks

Author : Michael J. Moore
Publisher : Princeton University Press
ISBN 13 : 1400860857
Total Pages : 208 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Compensation Mechanisms for Job Risks by : Michael J. Moore

Download or read book Compensation Mechanisms for Job Risks written by Michael J. Moore and published by Princeton University Press. This book was released on 2014-07-14 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this major new work, Michael J. Moore and W. Kip Viscusi explore the question, "How are workers compensated for exposing themselves to the risk of physical injury while on the job?" The authors detail the diverse nature of labor market responses to job risks and the important role played by compensation-for-risk mechanisms. Following an overview of the literature, they present a number of unprecedented results. Comprehensive and systematic discussions of issues such as wage-risk tradeoffs, the effects of workers' compensation on wages and risk, the role of unions, and the role of product liability suits in job-related injuries make the volume an essential work for all those interested in risk policy and workplace safety. Among the major results presented for the first time are the first estimates of the value of life derived from recently released occupational fatality risk data from the National Traumatic Occupational Fatality Survey. From these same data the authors also demonstrate that higher workers' compensation benefit levels significantly reduce fatalities on the job--a finding that challenges virtually every other treatment of this topic. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Fatal Tradeoffs

Author : W. Kip Viscusi
Publisher : Oxford University Press
ISBN 13 : 0198023693
Total Pages : 321 pages
Book Rating : 4.1/5 (98 download)

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Book Synopsis Fatal Tradeoffs by : W. Kip Viscusi

Download or read book Fatal Tradeoffs written by W. Kip Viscusi and published by Oxford University Press. This book was released on 1992-08-13 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ideally, it would be desirable if we could all adopt a high-minded commitment to a risk-free existence. Unfortunately, such an objective is beyond our reach--politicians who advocate higher taxes rarely get elected and economists who indicate that our resources are limited are often portrayed as purveyors of pessimism. Fatal Tradeoffs culminates and synthesizes the research of the government's expert on the value of life and risk regulation. This volume presents Viscusi's work in the social regulation of risk, this volume covers topics relating to the value and empirical estimates of life, the rationality of individual responses to risk, and the role of government policy. In addition to a careful selection of his writings, Fatal Tradeoffs includes a new survey of the value-of-life literature, a review of the 1980s regulatory reforms, and guidelines for risk policy. Balanced with case studies, the more technical articles have been opened to include policy ramifications, making the text accessible to professionals and academics alike.

Estimating the Value of a Statistical Life

Author : Orley Ashenfelter
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Estimating the Value of a Statistical Life by : Orley Ashenfelter

Download or read book Estimating the Value of a Statistical Life written by Orley Ashenfelter and published by . This book was released on 2004 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a statistical life. Although our empirical results are obtained in the context of a study of choices about road safety, we suspect that the same issues plague the estimation of monetary trade-offs regarding safety in other contexts.

50th Celebratory Volume

Author : Solomon W. Polachek
Publisher : Emerald Group Publishing
ISBN 13 : 1804551252
Total Pages : 425 pages
Book Rating : 4.8/5 (45 download)

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Book Synopsis 50th Celebratory Volume by : Solomon W. Polachek

Download or read book 50th Celebratory Volume written by Solomon W. Polachek and published by Emerald Group Publishing. This book was released on 2023-01-23 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 50th Celebratory Research in Labor Economics volume contains ten original and innovative articles each written by stellar senior scholars in labor economics addressing aspects of worker well-being.

Cost-Benefit Analysis and Public Policy

Author : David Weimer
Publisher : John Wiley & Sons
ISBN 13 : 1444307185
Total Pages : 465 pages
Book Rating : 4.4/5 (443 download)

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Book Synopsis Cost-Benefit Analysis and Public Policy by : David Weimer

Download or read book Cost-Benefit Analysis and Public Policy written by David Weimer and published by John Wiley & Sons. This book was released on 2009-04-22 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume seeks to facilitate such exposure by drawing together into a convenient collection the fine articles on CBA and its application that have appeared in the Journal of Policy Analysis and Management (JPAM).

Preventing Illness and Injury in the Workplace

Author :
Publisher :
ISBN 13 :
Total Pages : 440 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Preventing Illness and Injury in the Workplace by :

Download or read book Preventing Illness and Injury in the Workplace written by and published by . This book was released on 1985 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research report evaluating the present situation and suggesting ways of improving occupational health and occupational safety in the USA - identifies common hazards; shows how protective equipment, ergonomics and safety training can help reduce occupational accidents; explains the role of government agencys and labour inspection; includes a glossary of safety terms. Bibliography, illustrations, organigram, statistical tables.

Research Handbook on the Economics of Torts

Author : Jennifer Arlen
Publisher : Edward Elgar Publishing
ISBN 13 : 1781006172
Total Pages : 668 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Research Handbook on the Economics of Torts by : Jennifer Arlen

Download or read book Research Handbook on the Economics of Torts written by Jennifer Arlen and published by Edward Elgar Publishing. This book was released on 2013-11-29 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on issues of vital importance to those seeking to understand and reform the tort system, this volume takes a multi-disciplinary approach, including theoretical economic analysis, empirical analysis, socio-economic analysis, and behavioral anal

How the Government Measures Unemployment

Author : United States. Bureau of Labor Statistics
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis How the Government Measures Unemployment by : United States. Bureau of Labor Statistics

Download or read book How the Government Measures Unemployment written by United States. Bureau of Labor Statistics and published by . This book was released on 1987 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Oxford Handbook of Panel Data

Author : Badi Hani Baltagi
Publisher :
ISBN 13 : 0199940045
Total Pages : 705 pages
Book Rating : 4.1/5 (999 download)

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Book Synopsis The Oxford Handbook of Panel Data by : Badi Hani Baltagi

Download or read book The Oxford Handbook of Panel Data written by Badi Hani Baltagi and published by . This book was released on 2015 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Panel Data examines new developments in the theory and applications of panel data. It includes basic topics like non-stationary panels, co-integration in panels, multifactor panel models, panel unit roots, measurement error in panels, incidental parameters and dynamic panels, spatial panels, nonparametric panel data, random coefficients, treatment effects, sample selection, count panel data, limited dependent variable panel models, unbalanced panel models with interactive effects and influential observations in panel data. Contributors to the Handbook explore applications of panel data to a wide range of topics in economics, including health, labor, marketing, trade, productivity, and macro applications in panels. This Handbook is an informative and comprehensive guide for both those who are relatively new to the field and for those wishing to extend their knowledge to the frontier. It is a trusted and definitive source on panel data, having been edited by Professor Badi Baltagi-widely recognized as one of the foremost econometricians in the area of panel data econometrics. Professor Baltagi has successfully recruited an all-star cast of experts for each of the well-chosen topics in the Handbook.