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Cited by 259

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

Garen, John·1988·The Review of Economics and Statistics

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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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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CoChat. (2026). Citation check: Compensating Wage Differentials and the Endogeneity of Job Riskiness. https://app.cochat.ai/papers/10.2307/1928145
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Garen, J. (1988). Compensating Wage Differentials and the Endogeneity of Job Riskiness. The Review of Economics and Statistics. https://doi.org/10.2307/1928145

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