Are dangerous jobs paid better? European evidence

Nikolaos Georgantzís () and Efi Vasileiou ()
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Efi Vasileiou: University of Panthéon-Assas (Paris-2), France

No 2012/18, Working Papers from Economics Department, Universitat Jaume I, Castellón (Spain)

Abstract: This article tests whether workers are indifferent between risky and safe jobs provided that, in labour market equilibrium, wages should serve as a utility equalizing device. Workers’ preferences are elicited through a partial measure of overall job satisfaction: satisfaction with job-related risk. Given that selectivity turns out to be important, we use selectivity corrected models. Results show that wage differentials do not exclusively compensate workers for being in dangerous jobs. However, as job characteristics are substitutable in workers’ utility, they could feel satisfied, even if they were not fully compensated financially for working in dangerous jobs.

Keywords: Satisfaction with Job Risk; Compensating Wage Differentials; Dangerous Job (search for similar items in EconPapers)
JEL-codes: C23 J31 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2012
New Economics Papers: this item is included in nep-eur, nep-lab and nep-lma
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Related works:
Chapter: Are Dangerous Jobs Paid Better? European Evidence (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:jau:wpaper:2012/18

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