The DOI matches its Crossref record; 11 of the 11 references it cites were found in a registry or an index.
Compensating Wage Differentials and the Endogeneity of Job Riskiness
Abstract
Those with greater earnings capacity are likely to choose safer jobs, assuming safety is a normal good. Those who e xperience greater returns to job may choose riskier jobs. This paper estimates wage premia for risk of fatality and injury, allowing unobs ervables to affect earnings capacity and the returns to risk. As the endogeneity of job risk causes bias in OLS estimation, the model is e stimated with simultaneous equations and modified selection bias tech niques. The results indicate that unobserved heterogeneity in the ret urns to risk is important and that OLS underestimates the wage premia for fatality and injury risk. Copyright 1988 by MIT Press.
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Cites
Hedonic prices and implicit markets: product differentiation in pure competition
Rosen, S. (1974) · Journal of Political Economy · doi:10.1086/260169 · Cited by 10,603
Lee, L.-F. (1978) · International Economic Review · doi:10.2307/2526310 · Cited by 1,173
The Value of Saving a Life: Evidence from the Labor MarketPreprint
Thaler, R. H., & Rosen, S. (1976) · RePEc: Research Papers in Economics · Cited by 518
The Estimation of Wage Gains and Welfare Gains in Self-Selection Models
Bjorklund, A., & Moffitt, R. (1987) · The Review of Economics and Statistics · doi:10.2307/1937899 · Cited by 452
The Returns to Schooling: A Selectivity Bias Approach with a Continuous Choice Variable
Garen, J. (1984) · Econometrica · doi:10.2307/1910996 · Cited by 411
Self-citationCompensating Wage Differentials and Public Policy: A Review
Smith, R. S. (1979) · ILR Review · doi:10.1177/001979397903200304 · Cited by 358
Wealth Effects and Earnings Premiums for Job Hazards
Viscusi, W. K. (1978) · The Review of Economics and Statistics · doi:10.2307/1924166 · Cited by 199
Marin, A., & Psacharopoulos, G. (1982) · Journal of Political Economy · doi:10.1086/261094 · Cited by 176
Workers' Compensation Insurance, Experience-Rating, and Occupational Injuries
Ruser, J. W. (1985) · The RAND Journal of Economics · doi:10.2307/2555508 · Cited by 174
Workers' Compensation: Benefit and Injury Claims Rates in the Seventies
Butler, R., & Worrall, J. D. (1983) · The Review of Economics and Statistics · doi:10.2307/1935926 · Cited by 139
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
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
Compensating Wage Differentials and Unobserved Productivity
Hwang, H.-S., Reed, W. R., & Hubbard, C. (1992) · Journal of Political Economy · doi:10.1086/261842 · Cited by 279
How's the Job? Well-Being and Social Capital in the Workplace
Helliwell, J. F., & Huang, H. (2010) · ILR Review · doi:10.1177/001979391006300202 · Cited by 258
Multihoming in Two-Sided Markets: An Empirical Inquiry in the Video Game Console Industry
Landsman, V., & Stremersch, S. (2011) · Journal of Marketing · doi:10.1509/jm.09.0199 · Cited by 214
Metadata
- Authors
- Garen, J.
- Venue
- The Review of Economics and Statistics
- Publisher
- JSTOR
- Published
- 1988-02
- Volume
- 70
- Issue
- 1
- Pages
- 9
- ISSN
- 0034-6535 (ISSN-L)
- OpenAlex
- W1978888737
- Cited by
- 259
- References
- 11
- FWCI
- 12.04
- Type
- journal article
- Language
- en
- Open access
- closed
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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.