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MARC Record
Bibliographic Data
Control Number
310580
Date and Time of Latest Transaction
20150706093809.AM
General Information
150706s |||||||||b ||00|||
Cataloging Source
STII-DOST
Local Call Number
ScienceDirect
Main Entry - Personal Name
Aldy, Joseph E.
Viscusi, W. Kip
Title Statement
Labor market estimates of the senior discount for the value of statistical life by W. Kip Viscusi and Joseph E. Aldy
Physical Description
pages 377-392 computer file; text; 290kb
Summary, Etc.
This article develops the first measures of age–industry job risks to examine the age variations in the value of statistical life. Because of the greater risk vulnerability of older workers, they face flatter wage-risk gradients than younger workers, which we show to be the case empirically. Accounting for this heterogeneity in hedonic market equilibria leads to estimates of the value of statistical life–age relationship that follows an inverted U shape. The estimates of the value of statistical life range from .4 million for younger workers to a peak of 9.0 million for those aged 35–44, and then a decline to .8 million for those aged 55–62. The decline of the estimated value of statistical life with age is consistent with there being some senior discount in the Clear Skies Initiative analysis.04 Soci
Subject Added Entry - Topical Term
sciences04Seni
discount04Comp
sating differentials04Job
sks DOST
Location
STII ScienceDirect NONPRINTS NP 14-15184 1 14-15184 Online/Download 2010-11-18 NONP
Physical Location
Department of Science and Technology
Science and Technology Information Institute
ScienceDirect
Digital Copy
Not Available
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