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Bibliographic Data
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310580
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20150706093809.AM
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$aSTII-DOST
090
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$aScienceDirect
100
1#
$aAldy, Joseph E.
100
1#
$aViscusi, W. Kip
245
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$aLabor market estimates of the senior discount for the value of statistical life$cby W. Kip Viscusi and Joseph E. Aldy
260
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$aAmsterdam$bElsevier Inc.$c2007
300
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$apages 377-392$bcomputer file; text; 290kb
504
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$aIncludes bibliographical references and appendices
520
3#
$aThis 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 $6.4 million for younger workers to a peak of $9.0 million for those aged 35–44, and then a decline to $3.8 million for those aged 55–62. The decline of the estimated value of statistical life with age is consistent with there being some senior discount in the Clear Skies Initiative analysis.04$aSoci
650
al
 sciences04$aSeni
650
or
 discount04$aComp
650
en
sating differentials04$aJob
650
ri
sks $aDOST
852
b
STII$hScienceDirect$jNONPRINTS$kNP$p14-15184$t1$x14-15184$yOnline/Download$12010-11-18 $wNONP
991
RI
NTS
  
     
 
Physical Location
Department of Science and Technology
Science and Technology Information InstituteScienceDirect
  
     
 
Digital Copy
Not Available
  
     
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