Workplace Safety: Estimating Workers' Marginal Willingness to Pay

Anna Norin ()
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Anna Norin: Department of Economics, Umeå University, Postal: S 901 87 Umeå, Sweden

No 771, Umeå Economic Studies from Umeå University, Department of Economics

Abstract: The aim of the present paper is to empirically estimate the monetary value workers place on safer working conditions. The marginal willingness to pay for workplace safety is estimated using data on job durations together with data on accident risks and wages. The results indicate that individuals value safety to 0.65-4.1 percent of annual wages. Male workers in service occupations are found to have the highest marginal willingness to pay. Female blue-collar workers are found to value workplace safety higher than male blue-collar workers.

Keywords: Search; Accelerated duration; Wage differentials; Sweden (search for similar items in EconPapers)
JEL-codes: J17 J28 J31 J81 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hea and nep-lab
Date: Written

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Persistent link: http://EconPapers.repec.org/RePEc:hhs:umnees:0771

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