Compensating Wage Differentials, Occupational Health and Safety, and the Value of Human Life PDF Download
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Author: Peter James Dorman
Publisher:
ISBN:
Category : Industrial hygiene
Languages : en
Pages : 402
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Book Description
Author: Peter James Dorman
Publisher:
ISBN:
Category : Industrial hygiene
Languages : en
Pages : 402
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Book Description
Author: Peter Dorman
Publisher: Cambridge University Press
ISBN: 0521553067
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
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.
Author: Thomas J. Kniesner
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The most enduring measure of how individuals make personal decisions affecting their health and safety is the compensating wage differential for job safety risk revealed in the labor market via hedonic equilibrium outcomes. The decisions in turn reveal the value of a statistical life (VSL), the value of a statistical injury (VSI), and the value of a statistical life year (VSLY), which have both mortality and morbidity aspects that we describe and apply here. All such tradeoff rates play important roles in policy decisions concerning improving individual welfare. Specifically, we explicate the recent empirical research on VSL and its related concepts and link the empirical results to the on-going examinations of many government policies intended to improve individuals' health and longevity. We pay special attention to recent issues such as the COVID pandemic and newly emerging foci on distributional consequences concerning which demographic groups may benefit most from certain regulations.
Author: Robert Stewart Smith
Publisher:
ISBN:
Category : Industrial safety
Languages : en
Pages : 84
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Book Description
Author: W. Kip Viscusi
Publisher: Harvard University Press
ISBN: 9780674773028
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
Commentary on labour legislation concerning occupational safety and occupational health in the USA - reviews the work of the Occupational Safety and Health Administration in standard setting; examines the value of human life in terms of hazard elimination costs; argues thet disclosure of information, more effective than labour policy in improving employees attitude and trade union attitude towards arduous working conditions. References, statistical tables.
Author: Jean Michel Cousineau
Publisher: Montréal : Dép. de science économique, Université de Montréal
ISBN: 9782893820323
Category :
Languages : en
Pages : 13
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Book Description
Author: K. Møller Pedersen
Publisher:
ISBN:
Category :
Languages : en
Pages : 41
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Book Description
The present work stems from a project on cost-benefit analysis of various proposals on industrial safety and health undertaken within the framework provided by the work environment act. In section i a short discussion of health and industrial safety in a Danish context will be given. This is followed by a discussion of the hedonic wage eqation that provides the theoretical rationale for the ensuing empirical work. Model spicification and data base is discussed, followed by the results. Some illustrative calculations of valuation of life and limb is presented.
Author: Nathalie B. Simon
Publisher:
ISBN:
Category : Hazardous occupations
Languages : en
Pages : 36
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Book Description
Author: José Guardado
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The theory of compensating wage differentials (CWDs) assumes that firms supply and workers demand workplace safety, predicting a positive relationship between accident risk and wages. This article allows for safety provision by workers, which predicts a countervailing negative relationship between individual risk and wages: Firms pay higher wages for higher safety-related productivity. Using National Longitudinal Survey of Youth panel data and data on fatal and nonfatal accidents, our precise CWDs imply a value of a statistical injury of $45.4 thousand and a value of a statistical life of $6.3 million. In line with our model, individual risk and wages are negatively correlated.
Author: Klaus Schwab
Publisher: Currency
ISBN: 1524758876
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
