The implicit valuation of risks to life. A comparative analysis

V. Kerry Smith, Carol C.S. Gilbert

Research output: Contribution to journalArticle

7 Scopus citations

Abstract

This paper reports estimates of the implicit valuation of risk reductions for different sources of risk - on-the-job accidents and exposure to air pollutants. A hedonic wage model estimated using the May 1978 Current Population Survey for individuals in 44 SMSA's provides the basis for the estimates of implicit values of risk. The findings suggest quite different valuations of comparable risk changes.

Original languageEnglish (US)
Pages (from-to)393-399
Number of pages7
JournalEconomics Letters
Volume16
Issue number3-4
DOIs
StatePublished - 1984

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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