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Author: Ziebarth, Nicolas R.
Resulting in 1 citation.
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Guardado, Jose R. Ziebarth, Nicolas R. |
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Worker Investments in Safety, Workplace Accidents, and Compensating Wage Differentials International Economic Review 60,1 (February 2019): 133-155. Also: https://onlinelibrary.wiley.com/doi/10.1111/iere.12347 Cohort(s): NLSY79 Publisher: Blackwell Publishing, Inc. => Wiley Online Keyword(s): Accidents; Body Mass Index (BMI); Injuries, Workplace; Wage Differentials The theory of compensating wage differentials (CWDs) assumes that firms supply and workers demand workplace safety, predicting a positive relationship between accident risk and wages. This paper allows for safety provision by workers, which predicts a countervailing negative relationship between individual risk and wages: firms pay higher wages for higher safety‐related productivity. Using National Longitudinal Survey of Youth panel data and data on fatal and nonfatal accidents, our precise CWDs imply a value of a statistical injury of $45.4 thousand and a value of a statistical life of $6.3 million. In line with our model, individual risk and wages are negatively correlated. |
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Bibliography Citation
Guardado, Jose R. and Nicolas R. Ziebarth. "Worker Investments in Safety, Workplace Accidents, and Compensating Wage Differentials." International Economic Review 60,1 (February 2019): 133-155.
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