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Cigarette Smokers as Job Risk Takers
Open accessAbstract
Using a large data set, the authors find that smokers select riskier jobs, but receive lower total wage compensation for risk than do nonsmokers. This finding is inconsistent with conventional models of compensating differentials. The authors develop a model in which worker risk preferences and job safety performance lead to smokers facing a flatter market offer curve than nonsmokers. The empirical results support the theoretical model. Smokers are injured more often controlling for their job's objective risk and are paid less for these risks of injury. Smokers and nonsmokers, in effect, are segmented labor market groups with different preferences and different market offer curves.
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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-citationGlobal Evidence on Economic Preferences*
Falk, A., Becker, A., Dohmen, T., Enke, B., Huffman, D., & Sunde, U. (2018) · The Quarterly Journal of Economics · doi:10.1093/qje/qjy013 · Cited by 1,724
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-citationPredicting health behaviors with an experimental measure of risk preference
Anderson, L. R., & Mellor, J. M. (2008) · Journal of Health Economics · doi:10.1016/j.jhealeco.2008.05.011 · Cited by 462
Discount rates and risky sexual behaviors among teenagers and young adults
Chesson, H. W., Leichliter, J. S., Zimet, G. D., Rosenthal, S. L., Bernstein, D. I., & Fife, K. H. (2006) · Journal of Risk and Uncertainty · doi:10.1007/s11166-006-9520-1 · Cited by 143
Metadata
- Authors
- Viscusi, W. K., & Hersch, J.
- Venue
- Review of Economics and Statistics
- Publisher
- MIT Press - Journals
- Published
- 2001-05
- Volume
- 83
- Issue
- 2
- Pages
- 269-280
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W3122848552
- Cited by
- 197
- References
- 0
- FWCI
- 19.69
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
