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Control Number310580
Date and Time of Latest Transaction20150706093809.AM
General Information150706s |||||||||b ||00|||
Cataloging SourceSTII-DOST
Local Call NumberScienceDirect
Main Entry - Personal NameAldy, Joseph E.
 Viscusi, W. Kip
Title StatementLabor market estimates of the senior discount for the value of statistical life by W. Kip Viscusi and Joseph E. Aldy
Physical Descriptionpages 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 Termsciences04Seni
 discount04Comp
 sating differentials04Job
 sks DOST
LocationSTII 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 InstituteScienceDirect
  
     
 
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