Worker Investments in Safety, Workplace Accidents, and Compensating Wage Differentials PDF Download
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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: 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: José Guardado
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
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Book Description
In this paper, we develop a theoretical model of worker investment in safety. Standard theory assumes that injury risk is exogenous. It predicts that riskier jobs are associated with higher wages. In contrast, in our model, workers make individual safety investments that reduce the risk of injury. This results in a negative association between individual injury risk and wages. We test the model's predictions using obesity as a proxy for worker disinvestments in human capital and safety. In line with our model predictions, we find a significant positive compensating wage differential (CWD) for nonfatal risk at the occupational level. At the same time, however, there exists an underlying significant negative association between individual accident risk and wages, but only in high risk occupations. The latter relationship may downward bias or mask CWD estimates.
Author: Sandra Denis
Publisher:
ISBN:
Category : Industrial hygiene
Languages : en
Pages : 62
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Book Description
Author: W. S. Siebert
Publisher:
ISBN: 9780704414013
Category : Accidents, Occupational
Languages : en
Pages : 26
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Book Description
Author: Robert Stewart Smith
Publisher:
ISBN:
Category : Industrial safety
Languages : en
Pages : 84
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Book Description
Author: W. S. Siebert
Publisher:
ISBN: 9780704412606
Category : Workers' compensation
Languages : en
Pages : 18
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Book Description
Author: Jose R. Guardado
Publisher:
ISBN:
Category :
Languages : en
Pages : 428
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Book Description
Author: Karen Roberts
Publisher: W.E. Upjohn Institute
ISBN: 0880993243
Category : Business & Economics
Languages : en
Pages : 318
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Book Description
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.
Author: W. S. Siebert
Publisher:
ISBN:
Category :
Languages : en
Pages : 26
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Book Description
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
