The DOI matches its Crossref record; 18 of the 18 references it cites were found in a registry or an index.
THE QUANTITY‐ADJUSTED VALUE OF LIFE
Abstract
The traditional compensating differential analysis is extended to reflect the effects on wages of the duration of life at risk and of insurance benefits to the surviving spouse and dependents. The implicit discount rate that workers use in making their life‐cycle employment decisions is also estimated. The revealed discount rate ranges from 10 to 12 percent, and the implicit value per year of life is 175,000. There is also evidence of significant wage reductions resulting from higher workers' compensation benefits for fatal and nonfatal injuries, suggesting an important tradeoff between ex ante and ex post compensation for risk.
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Citations
Cites
Individual discount rates and the purchase and utilization of energy-using durables
Hausman, J. A. (1979) · The Bell Journal of Economics · doi:10.2307/3003318 · Cited by 1,372
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Fuchs, V. R. (1982) · University of Chicago Press eBooks · doi:10.7208/chicago/9780226267944.001.0001 · Cited by 446
The value of changes in life expectancy
Rosen, S. (1988) · Journal of Risk and Uncertainty · doi:10.1007/bf00056139 · Cited by 377
Compensating Wage Differentials and Public Policy: A Review
Smith, R. S. (1979) · ILR Review · doi:10.1177/001979397903200304 · Cited by 358
Vital Statistics of the United States
(1940) · Nature · doi:10.1038/146262d0 · Cited by 282
Zeckhauser, R., & Shepard, D. (1976) · Law and Contemporary Problems · doi:10.2307/1191310 · Cited by 259
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Chelius, J. R., & Viscusi, W. K. (1980) · Industrial and Labor Relations Review · doi:10.2307/2522649 · Cited by 254
Self-citationIndividual Discount Rates and the Purchase and Utilization of Energy-Using Durables: Comment
Gately, D. (1980) · The Bell Journal of Economics · doi:10.2307/3003422 · Cited by 247
Cited by
The value of a statistical life: A critical review of market estimates throughout the world
Viscusi, W. K., & Aldy, J. E. (2003) · Journal of Risk and Uncertainty · doi:10.1023/a:1025598106257 · Cited by 2,135
Self-citationWillingness to Pay for a Quality-adjusted Life Year: In Search of a Standard
Hirth, R. A., Chernew, M. E., Miller, E., Fendrick, A. M., & Weissert, W. G. (2000) · Medical Decision Making · doi:10.1177/0272989x0002000310 · Cited by 850
Saving Babies: The Efficacy and Cost of Recent Changes in the Medicaid Eligibility of Pregnant Women
Currie, J., & Gruber, J. (1996) · Journal of Political Economy · doi:10.1086/262059 · Cited by 744
The Value of Health and Longevity
Murphy, K. M., & Topel, R. H. (2006) · Journal of Political Economy · doi:10.1086/508033 · Cited by 605
The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World
Viscusi, W. K. K., & Aldy, J. E. (2002) · SSRN Electronic Journal · doi:10.2139/ssrn.362840 · Cited by 508
Self-citation
Metadata
- Authors
- Moore, M. J., & Viscusi, W. K.
- Venue
- Economic Inquiry
- Publisher
- Wiley
- Published
- 1988-07
- Volume
- 26
- Issue
- 3
- Pages
- 369-388
- ISSN
- 0043-3640 (ISSN-L)
- 0095-2583
- 1465-7295
- OpenAlex
- W2071660937
- Cited by
- 301
- References
- 18
- FWCI
- 18.72
- Type
- journal article
- Language
- en
- Open access
- closed
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