Worker Investments In Safety Workplace Accidents And Compensating Wage Differentials
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Author |
: José Guardado |
Publisher |
: |
Total Pages |
: 0 |
Release |
: 2019 |
ISBN-10 |
: OCLC:1375522579 |
ISBN-13 |
: |
Rating |
: 4/5 (79 Downloads) |
Synopsis Worker Investments in Safety, Workplace Accidents, and Compensating Wage Differentials by : José Guardado
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 article 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.
Author |
: José Guardado |
Publisher |
: |
Total Pages |
: 43 |
Release |
: 2013 |
ISBN-10 |
: OCLC:1308987040 |
ISBN-13 |
: |
Rating |
: 4/5 (40 Downloads) |
Synopsis A Model of Worker Investment in Safety and Its Effects on Accidents and Wages by : José Guardado
In this paper, we develop a theoretical model of worker investment in safety. Standard theory assumes that injury risk is exogenous. It predicts that riskier jobs are associated with higher wages. In contrast, in our model, workers make individual safety investments that reduce the risk of injury. This results in a negative association between individual injury risk and wages. We test the model's predictions using obesity as a proxy for worker disinvestments in human capital and safety. In line with our model predictions, we find a significant positive compensating wage differential (CWD) for nonfatal risk at the occupational level. At the same time, however, there exists an underlying significant negative association between individual accident risk and wages, but only in high risk occupations. The latter relationship may downward bias or mask CWD estimates.
Author |
: Sandra Denis |
Publisher |
: |
Total Pages |
: 62 |
Release |
: 1996 |
ISBN-10 |
: IND:30000112358357 |
ISBN-13 |
: |
Rating |
: 4/5 (57 Downloads) |
Synopsis Workplace Health and Safety by : Sandra Denis
Author |
: W. S. Siebert |
Publisher |
: |
Total Pages |
: 26 |
Release |
: 1993 |
ISBN-10 |
: 0704414015 |
ISBN-13 |
: 9780704414013 |
Rating |
: 4/5 (15 Downloads) |
Synopsis Compensating Wage Differentials for Workplace Accidents by : W. S. Siebert
Author |
: Robert Stewart Smith |
Publisher |
: |
Total Pages |
: 84 |
Release |
: 1973 |
ISBN-10 |
: CORNELL:31924001335870 |
ISBN-13 |
: |
Rating |
: 4/5 (70 Downloads) |
Synopsis Compensating Wage Differentials and Hazardous Work by : Robert Stewart Smith
Author |
: Karen Roberts |
Publisher |
: W.E. Upjohn Institute |
Total Pages |
: 318 |
Release |
: 2005 |
ISBN-10 |
: 9780880993241 |
ISBN-13 |
: 0880993243 |
Rating |
: 4/5 (41 Downloads) |
Synopsis Workplace Injuries and Diseases by : Karen Roberts
The chapters in this volume were originally presented at a conference to honor Terry Thomason,held at the University of Rhode Island in March, 2004. It is about workplace safety and health and issues related to prevention and compensation for occupational injuries and illnesses, a topicto which Terry devoted much of his research life. The volume is intended to serve as a detailedintroduction to the workers' compensation novice but also provide insights to those more familiarwith the area.
Author |
: W. S. Siebert |
Publisher |
: |
Total Pages |
: 18 |
Release |
: 1992-01-01 |
ISBN-10 |
: 0704412608 |
ISBN-13 |
: 9780704412606 |
Rating |
: 4/5 (08 Downloads) |
Synopsis Compensating Wage Differentials for Workplace Accidents by : W. S. Siebert
Author |
: Jose R. Guardado |
Publisher |
: |
Total Pages |
: 428 |
Release |
: 2008 |
ISBN-10 |
: OCLC:237096302 |
ISBN-13 |
: |
Rating |
: 4/5 (02 Downloads) |
Synopsis The Effects of Worker Investments in Safety on Risk of Accidents and Wages by : Jose R. Guardado
Author |
: Michael J. Moore |
Publisher |
: Princeton University Press |
Total Pages |
: 208 |
Release |
: 2014-07-14 |
ISBN-10 |
: 9781400860852 |
ISBN-13 |
: 1400860857 |
Rating |
: 4/5 (52 Downloads) |
Synopsis Compensation Mechanisms for Job Risks by : Michael J. Moore
In this major new work, Michael J. Moore and W. Kip Viscusi explore the question, "How are workers compensated for exposing themselves to the risk of physical injury while on the job?" The authors detail the diverse nature of labor market responses to job risks and the important role played by compensation-for-risk mechanisms. Following an overview of the literature, they present a number of unprecedented results. Comprehensive and systematic discussions of issues such as wage-risk tradeoffs, the effects of workers' compensation on wages and risk, the role of unions, and the role of product liability suits in job-related injuries make the volume an essential work for all those interested in risk policy and workplace safety. Among the major results presented for the first time are the first estimates of the value of life derived from recently released occupational fatality risk data from the National Traumatic Occupational Fatality Survey. From these same data the authors also demonstrate that higher workers' compensation benefit levels significantly reduce fatalities on the job--a finding that challenges virtually every other treatment of this topic. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author |
: W. S. Siebert |
Publisher |
: |
Total Pages |
: 26 |
Release |
: 1993* |
ISBN-10 |
: OCLC:30697493 |
ISBN-13 |
: |
Rating |
: 4/5 (93 Downloads) |
Synopsis Compensation Wage Differentials for Workplace Accidents by : W. S. Siebert