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The marginal value of job safety: A contingent valuation study

✍ Scribed by Shelby Gerking; Menno Haan; William Schulze

Publisher
Springer
Year
1988
Tongue
English
Weight
921 KB
Volume
1
Category
Article
ISSN
0895-5646

No coin nor oath required. For personal study only.

✦ Synopsis

This article estimates the marginal value of safety based on contingent values obtained in a labormarket-oriented national random-sample mail survey. Thus, worker preferences for safety are assessed directly, in contrast to the hedonic price method that has been used almost exclusively in related studies. Key aspects of this article are that (1) contingent values are obtained for small changes in risks of job-related fatal accidents perceived by respondents, and (2) relationships are analyzed between respondents' marginal safety values and their income, socioeconomic/demographic characteristics, union membership status, and initial levels of risk faced.

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