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Source: Risk Analysis
Resulting in 1 citation.
1. Galizzi, Monica
Tempesti, Tommaso
Workers' Risk Tolerance and Occupational Injuries
Risk Analysis 35,10 (October 2015): 1858-1875.
Cohort(s): NLSY79
Publisher: Wiley Online
Keyword(s): Accidents; Cognitive Ability; Health/Health Status/SF-12 Scale; Injuries, Workplace; Noncognitive Skills; Risk Perception; Risk-Taking; Socioeconomic Status (SES)

Permission to reprint the abstract has not been received from the publisher.

This study explores the relationship between individuals' risk tolerance and occupational injuries. We analyze data from a national representative survey of U.S. workers that includes information about injuries, risk tolerance, cognitive and noncognitive attributes, and risky behaviors. We measure risk tolerance through questions regarding individuals' willingness to gamble on their lifetime income. We estimate zero-inflated count models to assess the role played by such measures on workers' recurrent injuries. We discuss some implications of our results for future research and occupational safety policies.

Our results highlight the concurrent and changing role played by individual, work, and environmental factors in explaining recurrent incidents. They show that risk tolerance affects recurrent injuries, although not in the direction that proponents of the concept of proneness would expect. Our measure of risk aversion shows that individuals who are somewhat more risk tolerant have fewer recurrent injuries than those who are risk averse. But the estimated relationship is U-shaped, not monotonic and, therefore, not easy to predict. At the same time, we find that individuals' "revealed risk preferences"--specific risky behavior--are related to higher injury probabilities. Demanding working conditions, measures of socioeconomic status, health, and safety problems experienced by workers during their youth remain among the most important factors explaining the phenomena of recurrent injuries. So our results contribute also to the important debate about the relationship between health and socioeconomic status.

Bibliography Citation
Galizzi, Monica and Tommaso Tempesti. "Workers' Risk Tolerance and Occupational Injuries." Risk Analysis 35,10 (October 2015): 1858-1875.