Do the near-elderly value mortality risks differently?

V. Kerry Smith, Mary F. Evans, Hyun Kim, Donald H. Taylor

Research output: Contribution to journalArticle

34 Scopus citations

Abstract

Wage hedonic models are estimated with the Health and Retirement Study to measure the risk-wage tradeoffs (value of statistical lives) for older workers. The analysis explicitly allows for multiple employment states, including retirement, using a multinomial selection model. The results suggest that the oldest and most risk-averse workers require significantly higher, not lower, compensation to accept increases in job-related fatality risks.

Original languageEnglish (US)
Pages (from-to)423-429
Number of pages7
JournalReview of Economics and Statistics
Volume86
Issue number1
DOIs
StatePublished - Feb 1 2004

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Do the near-elderly value mortality risks differently?'. Together they form a unique fingerprint.

  • Cite this