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.
ASJC Scopus subject areas
- Economics and Econometrics