Stability of Estimates of the Compensation for Danger
A. Marin and
Reza (Gholamreza) Arabsheibani ()
No 98/15, Royal Holloway, University of London: Discussion Papers in Economics from Department of Economics, Royal Holloway University of London
Abstract:
Estimates of the extra earnings for jobs with higher risks of death can be used in cost-benefit studies involving risk changes. Because of this use, the magnitude and stability of the estimated coefficient are important. Part of the current study closely reproduces a widely quoted 1982 study by Marin & Psacharopoulos to check on the stability. We also examine the robustness of the estimate to the inclusion/exclusion of non-fatal risks and other relevant characteristics. While the magnitude of the co-efficient has increased threefold from the earlier study, the coefficient is robust to other changes in the specification. There could be selectivity bias in the estimates of the extra return because people can select their occupation on the basis of its riskiness. Our findings suggest that one common technique to deal with selectivity bias in a continuous variable can give unreliable results in practice.
Keywords: Cost-Benefit; Value of Life; Labour market; Selectivity bias (search for similar items in EconPapers)
JEL-codes: C24 D61 H43 J17 J28 J31 (search for similar items in EconPapers)
Pages: 35 pages
Date: 1998-02, Revised 1998-02
New Economics Papers: this item is included in nep-hea
References: Add references at CitEc
Citations:
Downloads: (external link)
http://www.rhul.ac.uk/economics/Research/WorkingPapers/pdf/dpe9815.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.rhul.ac.uk/economics/Research/WorkingPapers/pdf/dpe9815.pdf [307 Temporary Redirect]--> https://www.rhul.ac.uk/economics/Research/WorkingPapers/pdf/dpe9815.pdf [307 Temporary Redirect]--> https://www.royalholloway.ac.uk/economics/Research/WorkingPapers/pdf/dpe9815.pdf)
Related works:
Journal Article: Stability of Estimates of the Compensation for Danger (2000) 
Journal Article: Stability of Estimates of the Compensation for Danger (2000) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hol:holodi:9815
Ordering information: This working paper can be ordered from
Egham Hill, Egham, Surrey, TW20 0EX, UK.
Access Statistics for this paper
More papers in Royal Holloway, University of London: Discussion Papers in Economics from Department of Economics, Royal Holloway University of London Egham Hill, Egham, Surrey, TW20 0EX, UK..
Bibliographic data for series maintained by Claire Blackman ( this e-mail address is bad, please contact ).